"December Sees Surge in Private Payrolls with 164K Jobs Added, Outpacing Forecasts Amid Easing Inflation"
TL;DR
The ADP National Employment Report for December revealed a 164,000 job increase in the private sector and a 5.4% rise in annual pay compared to the previous year. The report, which provides a high-frequency view of U.S. private-sector employment based on actual payroll data, indicated that job gains were led by the leisure and hospitality sector, while manufacturing saw losses. The data also showed a deceleration in pay growth, with job-stayers experiencing a 5.4% increase in annual pay. The report is a collaboration between the ADP Research Institute and the Stanford Digital Economy Lab.
Topics:businessbusiness-and-economy##adpreport#business-and-economy#employment#jobgrowth#labormarket#wageincrease
- ADP National Employment Report: Private Sector Employment Increased by 164,000 Jobs in December; Annual Pay was Up 5.4% PR Newswire
- Private payrolls added 164,000 in December, beating expectations, ADP says CNBC
- ADP jobs report finds 164,000 new workers hired in December MarketWatch
- Inflation eases as US labor force participation spikes. Has it peaked? USA TODAY
- ADP: 164K Jobs Added in December as Hiring Surges Above Forecasts U.S. News & World Report
Want the full story? Read the original reporting
Read on PR Newswire