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Private sector adds 122,000 jobs in December, below expectations, ADP says

  • US private payrolls growth slowed sharply in December, according to the ADP National Employment Report.
  • The actual increase of 122,000 jobs was below the forecasted growth of 139,000, as reported by ADP.
  • Wages grew at the slowest pace in nearly three-and-a-half years, according to payment processing firm ADP.
  • Hiring and wage increases both cooled in the final month of 2024, ADP stated.
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  • 43% of the sources lean Right
43% Right
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