Money & The EconomySyndicated Posts

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.

Content created by Conservative Daily News is available for re-publication without charge under the Creative Commons license. Visit our syndication page for details.

Support Conservative Daily News with a small donation via Paypal or credit card that will go towards supporting the news and commentary you've come to appreciate.

Rich Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News and the president of Bald Eagle Media, LLC. His posts may contain opinions that are his own and are not necessarily shared by Bald Eagle Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and

Related Articles

Back to top button