US Adds 202,000 New Jobs in December
[Asia Economy New York=Correspondent Kim Bong-su] According to the employment report released on the 8th (local time) by the U.S. information company ADP, nonfarm private sector jobs in the United States increased by 202,000 in December.
Most of the job growth during the Christmas season was driven by small and medium-sized enterprises. Jobs in medium-sized companies with 50 to fewer than 500 employees increased by 88,000, and employment in small businesses with fewer than 50 employees rose by 69,000. Large companies with more than 500 employees added 45,000 jobs. This figure is significantly higher than the 150,000 predicted by The Wall Street Journal (WSJ).
By sector, the service sector accounted for the majority with 173,000 jobs, far surpassing the manufacturing sector's 29,000 jobs.
The number of new nonfarm private sector jobs in November was revised to 124,000, nearly double the previous figure of 67,000.
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The official U.S. employment statistics for December will be released on the 10th. Wall Street experts expect 160,000 new jobs and a 3.5% unemployment rate.
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