ADP National Employment Report came out with a new survey that shows U.S private employers added 238,000 jobs last month. This is the most exceptional report that they have had in over a year.
A large portion of this huge gain in jobs is primarily due to the construction employment.
The ADP report came out just before the government’s non-farm payroll report which is due within a few days. The non-farm payroll is a measure of the labor market that is more detailed and includes both private and public employment.
In November there was an increase in jobs that was revised from 215,000 to the now 229,000.
Analysts are searching for 196,000 jobs to have been added in December, along with an increase in private payrolls of 195,000. However, both of these numbers would indicate slight declines from November.
