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US private sector employment increased more than expected

Thursday, Jan 04 2018
US private sector employment increased more than expected

Private sector employment increased by 250,000 jobs from November to December according to the December ADP National Employment Report. “We’ve seen yet another month where the labor market has shown no signs of slowing,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Throughout the year there was significant growth in services except for an overall loss of jobs in the shrinking information sector.''

''Looking at company size, small businesses finished out 2017 on a high note adding more than double their monthly average for the past six months.” Mark Zandi, chief economist of Moody’s Analytics, said, “The job market ended the year strongly. Robust Christmas sales prompted retailers and delivery services to add to their payrolls. The tight labor market will get even tighter, raising the specter that it will overheat.”

More in this category: « UK business activity growth picks up, but strong cost pressures persist Unemployment Claims up to 250,000 »

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