por admin » Jue Ene 05, 2023 8:16 am
Private payroll growth surged by 235,000 in December, well above estimate, ADP reports
PUBLISHED THU, JAN 5 20238:15 AM EST
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Jeff Cox
@JEFF.COX.7528
@JEFFCOXCNBCCOM
Private payrolls in December rose by 235,000 for the month, well ahead of the 153,000 Dow Jones estimate, according to ADP.
The big jobs surprise comes despite the Federal Reserve’s attempts to slow a sizzling jobs market.
Service providers added 213,000, led by leisure and hospitality, which added 123,000 positions. Professional and business services grew by 52,000, while education and health services added 42,000.
Trade, transportation and utilities saw a job loss of 24,000 on the month, while natural resources and mining declined 14,000 and financial activities dropped by 12,000.
NEW YORK, NEW YORK - DECEMBER 02: A hiring sign is displayed outside of a store in Manhattan on December 02, 2022 in New York City. The Labor Department reported Friday that non-farm payrolls increased by 263,000 for the month of November keeping the unemployment rate at 3.7%. Despite the Fed's attempt to cool inflation and the economy by gradually increasing interest rates, the U.S. economy continues to surge ahead. (Photo by Spencer Platt/Getty Images)
A ‘help wanted’ sign is displayed in a window of a store in Manhattan on December 02, 2022 in New York City.
Spencer Platt | Getty Images
The jobs market closed out 2022 on a high note, with companies adding far more jobs than expected in December, payroll processing firm ADP reported Thursday.
Private payrolls rose by 235,000 for the month, well ahead of the 153,000 Dow Jones estimate and the 127,000 initially reported for November.