Thursday, January 5, 2012

ADP: Nonfarm Private Sector Employment Grew by 325,000 in December

ADP announced that employment in the U.S. nonfarm private business sector increased by 325,000 from November to December on a seasonally adjusted basis. The increase in December was the largest monthly gain since last December 2010 and nearly twice the average monthly gain since May when employment decelerated sharply.

Employment in the private, service-providing sector increased 273,000 in December, after rising 176,000 in November. Employment in the private, goods-producing sector rose 52,000 in December. Manufacturing employment increased 22,000, tripling the previous month’s increase of 7,000.

ADP revised down slightly the increase in private sector employment for November to 204,000. The initial estimate was 206,000 jobs were added by the private sector.

Read the press release.

No comments:

Post a Comment

Please read our comment policy before making a comment.