ADP Employment Report: 41,000 Jobs Added, Primarily in Mid-Sized Firms. Small Businesses See First Payroll Increase in Five Months
December Sees 41,000 Private Sector Jobs Added, Led by Mid-Sized Companies
In December, private businesses expanded their workforce by 41,000 positions, rebounding from a decline in November. The majority of these new roles—34,000—were created by companies employing between 50 and 499 people. Small businesses contributed 9,000 jobs, while large organizations increased their payrolls by 2,000, according to today’s ADP National Employment Report, which analyzes payroll data from its clients.
The average job growth over the past three months, illustrated by the blue line in the accompanying chart, climbed back to around 20,000 after dipping into negative territory in November for the first time since August 2020. The decreases seen in August and September were attributed to the annual recalibration for the previous 12 months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FedEx (FDX.US) delivers its first financial report after freight division spin-off: revenue and profit both exceed expectations, raises full-year guidance, announces new CFO
Thanks to rising package unit prices, increased business volume, and ongoing structural cost reduction measures, FedEx's revenue and profits for the quarter both exceeded Wall Street expectations. The company also raised its full-year earnings outlook for 2026.
After Two Weeks of Major Gains and Market Corrections, Are 5 Altcoins Ready for Another Post-FOMC Rally?
U.S. crude oil inventories fall for four consecutive weeks as exports surge; distillate stocks decline more than expected
According to U.S. EIA data, commercial crude oil inventories decreased by 1.9 million barrels for the week ending October 23, while market expectations were for an increase of 15,000–100,000 barrels. Exports rose by 1.4 million barrels per day. Distillate oil inventories fell by 1.5 million barrels, exceeding the market expectation of 900,000 barrels, making it difficult for diesel prices to find relief in the short term. Gasoline inventories unexpectedly increased by 3.9 million barrels, while the market had expected a decrease of 700,000 to 900,000 barrels. Amid escalating tensions in the Middle East, WTI rose by as much as 3.6% on Wednesday before pulling back.
Federal Reserve Announces No Change in Interest Rates; Waller Sends Cautious Signal; Market Still Bets on Rate Hike in December
The Federal Reserve announced on Wednesday that it will keep the benchmark interest rate unchanged, maintaining the federal funds rate target range at 3.75% to 4%, in line with widespread market expectations.
Crypto prices
More
