ADP Payrolls Add 153,000 Jobs in December

U.S. private employers added 153,000 jobs in December, fewer than in November, but the labor market remained solid, a report by a payrolls processor showed on Thursday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 170,000 jobs, with estimates ranging from 140,000 to 200,000.

Private payroll gains in the month earlier were revised down to 215,000 from an originally reported 216,000 increase.

The report is jointly developed with Moody’s Analytics.

“Job growth remains strong but is slowing,” Mark Zandi, Moody’s Analytics’ chief economist, said in a statement.

Private industries produced a monthly average of 174,000 jobs in 2016, slower than a 209,000 monthly pace in 2015, according to ADP.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza