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
– Medium businesses: 129,000
– Large businesses: 54,000
By Sector
– Goods-producing: 47,000
– Service-providing: 224,000
* Sum of components may not equal total, due to rounding.
**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.
Israel began civilian evacuation operations on Monday in Rafah ahead of a planned ground assault…
A new study has identified a potentially massive problem for offshore wind developments that could…
Inflation isn’t the only thing that has soared in recent years. Home prices, as measured…
There’s an antisemitic and anti-American insurrection taking place on college campuses around the country, and…
The Department of Justice is threatening a lawsuit over Iowa’s new illegal immigration law, the…
Schedule Summary: President Joe Biden will present a trophy, have lunch with the King of Jordan, and…