US private payrolls grew more quickly than expected in November, ADP says

That was the better than the previous month's reading of 196,000, according to ADP and Moody's Analytics.

Economists had penciled in a reading of 190,000.

The previous month's reading was upwardly revised from a preliminary print of 182,000.

Payrolls grew fastest in services and among small businesses, ADP said.

Companies with less than 50 staff each added 81,000 positions, while those with more over 500 created 74,000.