Jobs
US Firms Add 122,000 Jobs in ADP Data, Fewest Since August
- Manufacturing lost jobs in December and wage growth cooled
- Separately, new jobless claims fell to lowest since February
An employee works on the production floor at a precision optics manufacturing facility in Ontario, New York.
Photographer: Lauren Petracca/BloombergThis article is for subscribers only.
US private-sector hiring and wage growth slowed in December, indicating an ongoing moderation in demand for workers.
Employment rose by 122,000 last month — the least in four months — following a 146,000 increase in November, according to ADP Research Institute data published Wednesday. The median projection in a Bloomberg survey of economists called for a rise of 140,000.