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yesterday

ADP Says Private Hiring Rose 41,000 as Job Openings Fell to 7.146 Million

Cooling indicators shape expectations for Friday’s payrolls ahead of the Fed’s late‑January meeting.

FILE - Pedestrians walk past a help wanted sign posted on the door of a restaurant in San Francisco, Tuesday, April 18, 2023. (AP Photo/Jeff Chiu, File)
Image
The middle class is going through it.
Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly/File Photo

Overview

  • ADP reported December private payrolls rose by 41,000, missing forecasts near 47,000–48,000 and rebounding from a revised 29,000 decline in November.
  • Gains were concentrated in education and health (+39,000) and leisure and hospitality (+24,000), while professional and business services (-29,000), information (-12,000) and manufacturing (-5,000) shed jobs.
  • Nearly all net hiring came from smaller and mid‑sized firms, with large employers adding about 2,000 positions.
  • Wage growth remained uneven: job‑stayers saw 4.4% year‑over‑year pay gains, while job‑changers rose to 6.6%.
  • JOLTS data showed job openings fell to 7.146 million in November and hires eased to about 5.115 million, reinforcing a cooling labor market ahead of the BLS report.