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US December ADP employment +235K vs +150K expected

US December ADP employment +235K vs +150K expected
  • Prior was +127K (lowest since Jan 2021)
  • Forecasts ranged from +100K to +220K
  • Annual pay 7.3% vs +7.6% prior
  • Goods-producing +22K vs -86K prior
  • Service-providing +213K vs +213K prior

“The labor market is strong but fragmented, with hiring varying sharply by industry and establishment size,” said Nela Richardson, chief economist, ADP. “Business segments that hired aggressively in the first half of 2022 have slowed hiring and in some cases cut jo... Read More

Posted: Jan 5 2023, 13:15
Author Name: forexlive
Views: 092143

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