ADP: 84,000 Jobs Whacked In December, Worse Than Expected
The private employment sector lost 84,000 jobs for December.
The Street was expecting a number around 75k, so while it's not good news, the spread is at least tight.
Below, the release in full:
ADP: According to today's ADP National Employment Report®, private sector employment decreased by 84,000 in December. The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP®), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month. more