ADP: US employers Added 807,000 Jobs in December, Doubling Expectations

Source: US News & World Report

“Employers added a massive 807,000 jobs in December, a strong end to 2021 and a good omen for 2022, private payroll firm ADP reported on Wednesday. The number was more than double estimates of 360,000 and compares with 534,000 jobs added in November. Gains were led by the service sector, with 669,000 jobs created, and among larger firms with 389,000 positions filled. The private sector report comes two days before the Labor Department is set to release its monthly jobs report for December, which includes government jobs. Economists are forecasting a gain of 400,000 after a somewhat disappointing increase of 210,000 in November.” (01/05/22)