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The Wall Street Publication > Blog > Economy > Personal sector provides 122,000 jobs in December, beneath expectations, ADP says
Economy

Personal sector provides 122,000 jobs in December, beneath expectations, ADP says

Last updated: January 8, 2025 1:55 pm
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Personal sector provides 122,000 jobs in December, beneath expectations, ADP says
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‘The Trump Financial Miracle’ co-author Artwork Laffer discusses President-elect Donald Trump’s plans to wash up the federal government on ‘Kudlow.’

Firms within the non-public sector added 122,000 jobs in December, payroll processing agency ADP mentioned on Wednesday.

The determine is beneath economists’ estimates of 140,000 jobs and decrease than the prior month’s studying of 146,000.

“The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains,” mentioned Nela Richardson, ADP’s chief economist. “Health care stood out in the second half of the year, creating more jobs than any other sector.”

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