Economics
U.S. Private Jobs Post First Decline Since April, ADP Data Show
- Decrease in employment reflected fewer leisure, retail jobs
- Virus resurgence has spurred renewed business restrictions
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The number of employees at U.S. businesses unexpectedly declined in December for the first time since April, underscoring the immediate economic impact of mounting coronavirus cases across the country.
Company payrolls decreased by 123,000 during the month, concentrated in leisure and hospitality and retail, according to ADP Research Institute data released Wednesday. The prior month was revised down slightly to a 304,000 gain.