Private sector employment increased by 41,000 jobs in December and pay was up 4.4% year-over-year according to the December ADP National Employment Report produced by ADP Research in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).
The ADP National Employment Report is an independent measure of the labor market based on the anonymized weekly payroll data of more than 26 million private-sector employees in the United States. ADP’s Pay Insights captures over 15 million individual pay change observations each month. Together, the jobs report and pay insights use ADP’s fine-grained data to provide a representative and high-frequency picture of the private-sector labor market.
“Small establishments recovered from November job losses with positive end-of-year hiring, even as large employers pulled back,” said Dr. Nela Richardson, chief economist, ADP.
