Wednesday, January 7, 2015

ADP: Private Sector Added 241,000 Jobs in December

According to the ADP National Employment report, the private sector added 241,000 jobs in December, as both goods-producing and services sectors experienced increased job growth. The December report upwardly revised the November and October headline numbers by 19,000 and 9,000 jobs, respectively.

Small businesses, companies with fewer than 49 employees, added 106,000 jobs, 7,000 more than in November. Medium businesses, companies with 50 to 499 employees, added 70,000 jobs, 3,000 fewer than in November. Large businesses, companies with greater than 500 employees, added 66,000 jobs in December, up from 54,000 jobs added in November.

Goods-producing employment rose by 46,000 jobs, a 6,000 job increase from the previous month, as construction and manufacturing added a combined 49,000 jobs, 13,000 more than November. The service-providing sector employment rose by 194,000 jobs, up from 187,000 in November. Improvement in the service sector was primarily due to increased job growth in the professional/business services and financial activities sectors, which added 69,000 jobs and 16,000 jobs, respectively.

Read the ADP release.

No comments:

Post a Comment

Please read our comment policy before making a comment.