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The non-public sector provides 122,000 jobs in December, under expectations, ADP says

The non-public sector provides 122,000 jobs in December, under expectations, ADP says

Private sector corporations created 122,000 jobs in December, payroll processing agency ADP mentioned Wednesday.

The determine is decrease than economists’ estimates of 140,000 jobs and decrease than the earlier month’s studying of 146,000.

“The labor market shifted to a extra modest tempo of progress within the remaining month of 2024, with each hiring and wage will increase slowing,” mentioned Nela Richardson, chief economist at ADP. “Healthcare stood out within the second half of the yr, creating extra jobs than another sector.”

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