Washington, Jan 8, 2025 (AFP) - US private sector hiring undershoots expectations: ADP

NAMPA / AFP

2025-01-08

The US private sector added fewer jobs than anticipated in December, payroll firm ADP said Wednesday, with hiring and wage increases both cooling. Private sector employment rose by 122,000 jobs last month, said ADP, missing a consensus forecast of 131,000 according to Briefing.com. "The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains," said ADP chief economist Nela......

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