Private-sector job growth sizzles in December, with 250,000 jobs added, ADP says

• January 4, 2018
• realestatelife
• Announcements, Business & Markets, Real Estate, Real Estate Finance, Updates

Private-sector hiring was stronger than expected in December, according to payroll processor ADP. Employers added 250,000 jobs, more than the 188,000 jobs forecast by economists. November’s tally was revised down by 5,000, however.

Almost all of the December gain was in the service-providing sector, which accounted for 222,000 of the jobs. Within services, the trade/transportation/utilities category made up 45,000 of those jobs, a sign of the continued dominance of e-commerce.