US ADP report showed 202k growth in private sector jobs in December, above expectation of 150k. Service providing sector added 173k jobs while goods-producing sector added 29k. By company size, large companies added 45k, mid-sized companies added 88k, small companies added 69k.
“As 2019 came to a close, we saw expanded payrolls in December,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “The service providers posted the largest gain since April, driven mainly by professional and business services. Job creation was strong across companies of all sizes, led predominantly by midsized companies.”
