The employment report prepared by Automatic Data Processing Inc. (ADP) and Moody's Analytics showed on Wednesday the U.S. private employers added 307,000 jobs in November. This was the lowest reading since July.

Economists had expected an increase of 410,000.

The October number saw an upward revision to 404,000 from the originally reported 365,000.

“While November saw employment gains, the pace continues to slow,” noted Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Job growth remained positive across all industries and sizes.”