The private sector added 146,000 to the US economy in November, according to ADP's National Employment Report, just below economist forecasts of 150,000. To speak more about the fresh labor data, ADP Chief Economist Nela Richardson sits down with Brad Smith in-studio to share her biggest takeaways from the report.

"There's actually three things that really stand out to me. One is manufacturing weakness: We've seen that consistently for the past two years. Unfortunately, November was no exception to that," Richardson explains. "The second thing that stands out is large firms did the bulk of the hiring — 120,000 of that 146,000 came from employers with more than 500 employees."

Richardson goes on to cite rising wage growth, a vital figure just two weeks ahead of the Federal Reserve's next interest rate policy meeting: Central bank officials "still have to be vigilant and not preset, because the data could turn pretty quickly. You could see this... disinflation trend continue, but you also saw in the previous month that inflation has been sticky."

The US Bureau of Labor Statistics will release its November report for non-farm payroll jobs, as economists expect a growth of 213,000 jobs in the month.

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This post was written by Luke Carberry Mogan.