ROSELAND, N.J. -- ADP’s National Employment Report, released Wednesday, shows private sector employment decreased by 84,000 in December from the previous month.
The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month.
According to Joel Prakken, Chairman of Macroeconomic Advisers, LLC, “The December employment decline was the smallest since March of 2008. Employment losses are now rapidly diminishing and, if recent trends continue, private employment will begin rising within the next few months.”
December’s ADP Report estimates nonfarm private employment in the service-providing sector increased by 12,000, the largest increase since January of 2008.
“However, this employment growth was not enough to offset continued losses in the goods-producing sector. Employment in the goods-producing sector declined 96,000, with employment in the manufacturing sector dropping 43,000,” said Prakken.
For more information visit www.ADPemploymentreport.com