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Private sector companies added 122,000 jobs in December, less than expected, ADP says

8 January 2025
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Private sector companies added 122,000 jobs in December, less than expected, ADP says
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Private sector job creation in December slowed more than expected, with companies adding 122,000 jobs, the smallest increase since August. Wages grew at a 4.6% rate from a year ago, the slowest pace in nearly 3½ years. The labor market showed signs of slowing growth, with hiring and pay gains decreasing, though layoffs remain low and initial claims for unemployment insurance were well below estimates.

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Tags: addedADPBreaking newsBreaking News: EconomyBreaking News: Marketsbusiness newscompaniesDecemberEconomyEmployment figuresExpectedJobsLabor economyMarketspersonnelPrivateSector
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