Positive employment news to kick off 2013
January 4, 2013
Filed under News
Employers continued to hire in December despite concerns over the fiscal cliff as two reports showed strong gains.
Private sector employment increased by 215,000 jobs in December, according to the ADP National Employment Report produced by ADP and Moody’s Analytics. That was well above expectations.
ADP also revised upwards its November estimate of private sector job growth from 118,000 to 148,000.
“During the final month of 2012, U.S. private sector employment ended the year on a positive note as 215,000 jobs were added – the ADP National Employment Report’s largest monthly gain since February 2012. During the past year, the private sector added a total of more than 1.7 million jobs,” said Carlos A. Rodriguez, president and chief executive officer of ADP.
The government also reported more jobs in December, with the Labor Department saying U.S. employers added 155,000 jobs. That number was in line with the consensus expectations for the month.
The ADP and Labor Department typically differ, most likely due to the methodologies used to collect the information. ADP compiles its estimate based on data from the thousands of companies for which it provides payroll services; the Bureau of Labor Statistics uses a survey of businesses to make its estimates.