ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Economy

ADP: 122,000 jobs gained in December

January 8, 2025
Reading Time: 1 min read
272,000 jobs added in May, unemployment rate edged up to 4.0%

The nonfarm private sector gained 122,000 jobs in December and annual pay was up 4.6% year-over-year, according to the ADP National Employment Report. This follows an unchanged November report of 146,000 jobs.

Small businesses with fewer than 50 employees gained 5,000 jobs. Medium-sized businesses with 50-499 employees gained 9,000 jobs and large businesses gained 97,000.

“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 Nela Richardson, chief economist, ADP. “Health care stood out in the second half of the year, creating more jobs than any other sector.”

Service-providing employment gained 112,000 jobs driven by gains in education/health services 57,000 followed by leisure/hospitality which grew by 22,000.

Goods producing-employment gained 10,000 jobs. Construction gained 27,000 jobs, while natural resources/mining lost 6,000 jobs, and manufacturing lost 11,000 jobs.

Read the ADP report.

Tags: ADP employmentNonfarm jobs
ShareTweetPin

Related Posts

ABA’s Nichols announces #BanksNeverAskThat, #PracticeSafeChecks relaunch on CNBC

ABA’s Nichols announces #BanksNeverAskThat, #PracticeSafeChecks relaunch on CNBC

Compliance and Risk
October 1, 2026

With artificial intelligence supercharging scams, ABA is relaunching its largest consumer-facing campaigns to educate the public on how to protect themselves and the role banks play in fighting fraud, ABA President and CEO Rob Nichols announced during an...

Justice Department announces indictments in alleged nationwide ATM jackpotting scheme

OFAC issues sanctions tied to ATM jackpotting crimes

Compliance and Risk
September 30, 2026

OFAC imposed sanctions on 10 targets with alleged ties to the Tren de Aragua transnational criminal organization for its role in organizing a series of ATM jackpotting thefts across the U.S., orchestrated in part by one of the...

ABA to FCC: Protect critical calls to bank customers

FCC votes to revise ‘revoke all’ rule and ‘provided number’ condition

Compliance and Risk
September 30, 2026

The FCC voted to revise the “revoke all” rule and “provided number” condition, both of which have made it more difficult for banks to communicate by phone and text message with their customers. ABA has long called for...

Reid to lead Freddie Mac

Fannie Mae, Freddie Mac announce ABA-backed UAD 3.6 policy exceptions

Mortgage
September 30, 2026

Freddie Mac and Fannie Mae announced that they are providing a temporary policy exception for lenders that cannot meet the Uniform Appraisal Dataset, or UAD, 3.6 mandatory implementation deadline of Nov. 2. The announcement was made in coordination...

ABA survey: Americans strongly support prohibiting crypto companies from offering yield-like rewards for holding stablecoin

New rule establishes procedures for reviewing state stablecoin regulations

Newsbytes
September 30, 2026

The Treasury Department published an interim final rule establishing the forms and procedures used by a federal committee that reviews state stablecoin regulatory regimes.

ABA, associations urge Congress to overturn CFPB credit card late fees rule

ABA, associations seek passage of Fair Credit Reporting Act reform

Compliance and Risk
September 30, 2026

Before the end of the current Congress, the House should pass legislation to align the Fair Credit Reporting Act with other financial consumer protection laws by capping statutory damages in class action lawsuits, eliminating punitive damages and limiting...

NEWSBYTES

ABA’s Nichols announces #BanksNeverAskThat, #PracticeSafeChecks relaunch on CNBC

October 1, 2026

OFAC issues sanctions tied to ATM jackpotting crimes

September 30, 2026

FCC votes to revise ‘revoke all’ rule and ‘provided number’ condition

September 30, 2026

SPONSORED CONTENT

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

September 17, 2026
Banking Technology at a Strategic Crossroads

Banking Technology at a Strategic Crossroads

September 8, 2026
Taming AI Agent Sprawl: A Playbook for Consumer Lending

Taming AI Agent Sprawl: A Playbook for Consumer Lending

September 1, 2026
Grow Public Deposits Without the Operational Burden End Fragment

Grow Public Deposits Without the Operational Burden End Fragment

September 1, 2026

PODCASTS

Podcast: Creating seamless customer experiences

September 30, 2026

Podcast: Telling a different kind of story about community banks

September 28, 2026

Podcast: Making the jump from a high performer to a high-performing leader

September 16, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.