U.S. Private Sector Loses Jobs for the First Time Since April -- ADP
06 Janeiro 2021 - 11:01AM
Dow Jones News
By Xavier Fontdegloria
The nonfarm private sector in the U.S. lost jobs in December for
the first time since the economy was brought to a halt in April
amid the Covid-19 pandemic, data from ADP National Employment
Report showed Wednesday.
Total U.S. nonfarm private employment decreased by 123,000 in
December from November. Economists polled by The Wall Street
Journal were expecting it to show a gain of 60,000 jobs.
December's reading signals that the job-creation trend that
started in May halted. In November, 304,000 jobs were gained,
slightly down from an initial estimate of 307,000.
"As the impact of the pandemic on the labor market intensifies,
December posted the first decline since April 2020," Ahu Yildirmaz,
co-head of the ADP Research Institute, said.
Medium businesses, between 50 and 499 employees, are the only
ones which added jobs, with an increase of 37,000. Small
businesses, with a maximum of 49 employees, lost 13,000 jobs and
large businesses, those of at least 500 workers, lost 147,000
jobs.
By sector, the vast majority of lost jobs were in the
service-providing sector, particularly in leisure and hospitality,
which registered a fall of 58,000 jobs. Trade, transportation and
utilities sector saw a decline of 50,000 jobs.
The goods-producing sector posted an overall loss of 18,000
jobs, data showed, particularly in the manufacturing sector.
The report, carried out by the ADP Research Institute along with
Moody's Analytics, is based on data through the 12th of the
month.
The U.S. Department of Labor is expected to release its December
employment report, which covers the same period as the ADP National
Employment Report, on Friday. Economists are expecting it to show
nonfarm payrolls up 50,000 jobs for the month, and an increase in
the unemployment rate to 6.8% from 6.7% in November.
Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com
(END) Dow Jones Newswires
January 06, 2021 08:46 ET (13:46 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Automatic Data Processing (NASDAQ:ADP)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Automatic Data Processing (NASDAQ:ADP)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024