December Job growth blows past expectations. Really good news for those of you connected in some way to the economy. Enjoy the reading:
KEY POINTS
Private job growth totals 807,000 in December, more than doubling expectations, ADP says
Private job growth totaled 807,000 for the month, well ahead of the Dow Jones estimate for 375,000 and the November gain of 505,000.
www.cnbc.com
KEY POINTS
- Private job growth totaled 807,000 for the month, well ahead of the Dow Jones estimate for 375,000 and the November gain of 505,000 according to ADP.
- Hiring was broad-based, though leisure and hospitality led with 246,000 new positions.
- Businesses with 500 or more employees accounted for the bulk of the gains in December, adding 389,000 jobs.