Wednesday, January 7, 2015

ADP: Businesses added 241,000 jobs in December

The labor market ended 2014 on a strong note, payroll processor ADP said Wednesday, as businesses added 241,000 jobs in December.

Economists expected ADP to report 225,000 new private sector jobs. They estimate the Labor Department's closely watched survey this Friday will show 240,000 payroll gains by businesses, as well as federal, state and local governments.

Last month, small businesses added 106,000 jobs, mid-size ones, 70,000, and large companies, 66,000, ADP said.

Professional and business services led the employment gains with 69,000. Trade, transportation and utilities added 44,000 jobs; manufacturers, 26,,000; and construction, 23,000.

"The job market continues to power forward," said Mark Zandi, chief economist of Moody's Analytics, which helps ADP compiled the report...

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Source: Paul Davidson (

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