US private sector job growth continued at a strong pace in December, according to data released today.
In particular, U.S. companies added another 807,000 jobs in December, according to the ADP Research Institute’s National Employment Report in collaboration with Moody’s Analytics.
Average analysts polled by Reuters polled 400,000 jobs in December.
November data were revised downwards to 505,000 positions instead of the 534,000 originally announced.
The research was conducted in mid-December, at the same time that infections with the new’s micron mutation of the coronavirus began to increase rapidly across the country. Analysts expect some disruption in the labor market from the last wave of the pandemic, albeit to a lesser extent compared to previous waves.
The report by ADP and Moody’s Analytics comes just days before the announcement of government data on new jobs and the unemployment rate. Analysts are waiting for the data released by the US Department of Labor on Friday to show that the economy (public and private sector) has added 400,000 jobs after 210,000 jobs in November.
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
