Private companies in the United States add 534,000 jobs in November
December 2, 2021, 7:33 am

Private companies in the United States add 534,000 jobs in November

Company building/Pixabay

The Xinhua reported that payroll data company Automatic Data Processing (ADP) reported Wednesday, private companies in the United States added 534,000 jobs in November, indicating a renewed momentum in the labor market recovery.

"The labor market recovery continued to power through its challenges last month," said Nela Richardson, chief economist at ADP, noting that November's job gains brought the three-month average to 543,000 monthly jobs, "a modest uptick" from the job pace earlier this year.

Business meeting/Pixabay

Job gains have eclipsed 15 million since the recovery began, though 5 million jobs are short of pre-pandemic levels, according to Richardson.

Richardson added that it's too early to tell if the Omicron variant of COVID-19 could potentially slow the jobs recovery in coming months.

Service sector saw a job gain of 424,000 in November, with 136,000 jobs added in leisure and hospitality, according to the report produced by the ADP Research Institute in collaboration with Moody's Analytics.

Large firms hired 277,000 workers, medium-sized businesses hired about 142,000, while small companies added some 115,000 employees, the report showed, indicating an unbalanced recovery across different company sizes.

Source: xinhua

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”