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U.S. Adds 250,000 Private Sector Jobs in December: ADP

Published 01/04/2018, 08:16 AM
© Reuters. U.S. adds 250,000 private sector jobs in December: ADP

Investing.com - U.S. private employers added 250,000 jobs in December, well above economists' expectations, a report by a payrolls processor ADP showed on Thursday.

Economists had expected the ADP nonfarm payrolls report to show a gain of 191,000 jobs.

Private sector jobs increased by a downwardly revised 185,000 in November.

The ADP figures come ahead of the Labor Department's more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment.

Economists are expecting the U.S. economy to have added 190,000 jobs after adding 228,000 positions in November, while the unemployment rate is forecast to hold steady at 4.1%.

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