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Thursday, April 18, 2024
HomeNewsEconomyADP Reports Private Sector Added 241,000 Jobs In December

ADP Reports Private Sector Added 241,000 Jobs In December

A discouraged worker sits and waits at a jobs fair. (Photo: REUTERS)

DEVELOPING: The latest ADP report says the U.S. private sector added 241,000 jobs in December, more than the 226,000 increase economists expected.

While job creation no doubt picked up in 2014, the latest labor market data find reason for concerns. Service sector growth cooled last month, with subindexes even showing contraction, while manufacturing nationwide took a beating.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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