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Wednesday, January 6, 2021

ADP jobs down 123K in December, missing estimates for 130K added

  • December ADP Jobs Report: -123K vs. +130K consensus and +304K prior (revised from +307K).
  • Large employers down 147K jobs, while Medium employers added 37K jobs. Small employers down 13K jobs.
  • Service-producing jobs down 105K, and goods-producing jobs down 18K.
  • Standing out among those industries shedding employment was leisure & hospitality, which dropped a whopping 58K jobs.
  • Among gainers, professional & business added 12K jobs.

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