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US Companies Added 41,000 Jobs in December, ADP Says
December job growth of 41,000 reversed prior losses, driven by education, health services, and leisure sectors; pay rose 4.4% for employees staying in their roles, ADP reported.
- On Wednesday, ADP, the payrolls processing firm, reported U.S. private‑sector payrolls rose by 41,000 in December, reversing a 29,000 November loss but falling short of the Dow Jones consensus estimate of 48,000.
- Service industries accounted for the gains, with education and health adding 39,000 jobs and leisure and hospitality contributing 24,000, while trade, transportation and utilities gained 11,000.
- Wage data show wage gains remained muted with 4.4% for job stayers and 6.6% for job changers, while goods-producing industries lost 3,000 and larger firms added just 2,000.
- The ADP report was released two days before the Bureau of Labor Statistics nonfarm payrolls count, and economists surveyed by Dow Jones expect 73,000 jobs with the unemployment rate at 4.5%.
- Nearly all the job gains came from companies employing fewer than 500 workers, and ADP chief economist Nela Richardson said `Small establishments recovered from November job losses with positive end-of-year hiring, even as large employers pulled back,`.
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Total News Sources46
Leaning Left3Leaning Right8Center13Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
13%
C 54%
R 33%
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