November's ADP Employment report was posted at 8:15 AM ET this morning, revealing 307,000 new private-sector jobs were added to the economy last month. This was well below expectations of 400,000 new jobs and a decline from October’s revised 404,000. The softer number is a sign that the employment sector didn’t make as much progress in recovering last month as many had thought. This is another sign of a slowing rebound in the labor market, making the news favorable for bonds and mortgage rates. However, this news should be taken lightly because this report isn’t considered to be a good indicator of how well the sector is doing on a broader level. We will get that information in Friday’s governmental Employment report.