US Employers Add 235,000 Jobs, More Than Forecast
- Companies added 235,000 jobs in December, led by smaller firms
- Initial and continuing jobless claims declined in latest data
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US companies added more jobs than expected in December, driven by small- and medium-sized businesses, and highlighting the resilience of labor demand that’s underpinning wage growth.
Private payrolls increased 235,000 last month after an upwardly revised 182,000 in November, according to data from ADP Research Institute in collaboration with Stanford Digital Economy Lab. The figure exceeded all but one forecast in a Bloomberg survey of economists.