The non-farm private sector added 250,000 jobs in December, according to the ADP National Employment Report. This followed a 185,000 job increase in November.
Small businesses with fewer than 50 employees gained 94,000 jobs. Medium-sized businesses with 50-499 employees created 100,000, while large businesses added 56,000 jobs.
“We’ve seen yet another month where the labor market has shown no signs of slowing,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Throughout the year there was significant growth in services except for an overall loss of jobs in the shrinking information sector. Looking at company size, small businesses finished out 2017 on a high note adding more than double their monthly average for the past six months.”
Service-providing employment rose by 222,000 jobs, driven by the professional and business services sector which added 72,000. The health services sector had a robust report, adding 34,000 jobs. Goods-producing employment grew by 28,000 jobs. The manufacturing industry gained 9,000, while the construction sector created 16,000 jobs.
Read the ADP report.
