118,000 Jobs Created in Nov.

The payroll-processing firm ADP reported that 118,000 private-sector jobs were created in November—but estimated that 86,000 were lost due to Hurricane Sandy. The firm, which releases a monthly jobs report the same week as the Labor Department, recently revamped its methodology to more closely fit the final, official numbers. Despite adding the new jobs, the report wasn’t all rosy: Hurricane Sandy hit the manufacturing, retail, and leisure and hospitality sectors particularly hard, the report said.