Reported 1 day ago
In December 2024, ADP reported a notable increase of 122,000 private jobs, marking a slowdown from November's 152,000. Chief Economist Nela Richardson emphasized that while healthcare job creation remains strong, it may not be sufficient to bolster the entire labor market. Furthermore, wage growth is stabilizing at 4.6%, which, despite a declining trend, exceeds inflation, presenting challenges for the Federal Reserve. Upcoming reports by the US Bureau of Labor Statistics are anticipated for further insights.
Source: YAHOO