US PRIVATE SECTOR ADDS 250,000 JOBS IN DECEMBER, THE MOST SINCE MARCH

Jan 17, 2018
US private-sector employment rose by 250,000 jobs in December from November, with much of the gains in the service sector, according to the ADP National Employment Report. It was the largest month-over-month gain since March.

“We've seen yet another month where the labor market has shown no signs of slowing,” said Ahu Yildirmaz, VP 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.”

The hiring increase remains consistent with a tight job market that has challenged companies’ ability to attract skilled and experienced workers, according to Bloomberg.

The number of goods-producing jobs rose by 28,000 in December on gains of 16,000 construction jobs, 9,000 manufacturing jobs and 3,000 natural resources/mining jobs.

Service-providing jobs rose by 222,000 in December, including 72,000 jobs in professional/business services; 50,000 in education/health services; and 45,000 in trade/transportation/utilities. On the flip side, jobs in information fell by 4,000.

Large businesses added 56,000 jobs in December, midsize businesses added 100,000 and small businesses added 94,000 jobs.

Source: Staffing Industry Analysts

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