"December Surprises with Higher-than-Expected US Job Growth and Easing Inflation"
TL;DR
In December, U.S. companies exceeded job growth expectations with private payrolls increasing by 164,000, the highest since August, as reported by the ADP Research Institute and Stanford Digital Economy Lab. This surge in hiring comes alongside a slowdown in wage growth, suggesting a potential balance between sustained economic growth and reduced inflationary pressures.
Topics:businessbusiness-and-economy##adpemploymentreport#business-and-economy#jobgrowth#labormarket#useconomy#wagegrowth
- ADP Employment: US Companies Add More Jobs Than Forecast in December Bloomberg
- Friday's jobs report will be a big signal for a market looking for good news 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
- Private sector job growth rises more than expected in December: ADP Fox Business
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