Report: Private Sector Employment Increased by 271,000 Jobs in December
Private sector employment increased by 271,000 jobs from November to December according to the December ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
“We wrapped up 2018 with another month of significant growth in the labor market,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Although there were increases in most sectors, the busy holiday season greatly impacted both trade and leisure and hospitality. Small businesses also experienced their strongest month of job growth all year.”
Mark Zandi, chief economist of Moody’s Analytics, said, “Businesses continue to add aggressively to their payrolls despite the stock market slump and the trade war. Favorable December weather also helped lift the job market. At the current pace of job growth, low unemployment will get even lower.”
Total U.S. Nonfarm Private Employment: 271,000
By Company Size
– Small businesses: 89,000
- 1-19 employees 25,000
- 20-49 employees 63,000
– Medium businesses: 129,000
- 50-499 employees 129,000
– Large businesses: 54,000
- 500-999 employees 48,000
- 1,000+ employees 6,000
By Sector
– Goods-producing: 47,000
- Natural resources/mining -2,000
- Construction 37,000
- Manufacturing 12,000
– Service-providing: 224,000
- Trade/transportation/utilities 33,000
- Information 6,000
- Financial activities 7,000
- Professional/business services 66,000 – Professional/technical services 30,000 – Management of companies/enterprises 4,000 – Administrative/support services 32,000
- Education/health services 61,000 – Health care/social assistance 41,000 – Education 20,000
- Leisure/hospitality 39,000
- Other services 12,000
* Sum of components may not equal total, due to rounding.
- Franchise Employment** – Franchise jobs 29,000
**Complete details on franchise employment can be found here.
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