December Sees Surge in U.S. Private Sector Jobs, Exceeding Forecasts The U.S. private sector hiring exceeded expectations in December, contributing to a robust jobs market in 2023. According to ADP, private payrolls increased by 164,000, surpassing the Dow Jones estimate of 130,000 and the previous month’s revised 101,000. This growth indicates a tight labor market, with initial jobless claims also dropping in the last week of the year. Leisure and hospitality led the gains, adding 59,000 jobs and showcasing the highest annual wage growth at 6.4%. Other significant contributions came from construction and various service industries, while manufacturing and resources sectors experienced slight declines. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Optimistic Shift in U.S. Economic Outlook Despite Ongoing Challenges READ MORE Japan's May Wholesale Inflation Surges, Challenging BOJ Rate Hike Plans READ MORE Yen Predicted to Weaken to Lowest Since 1986 Amid Rate Disparities READ MORE Eastern Gold Rush: How Chinese Traders Are Reshaping the Global Bullion Market READ MORE Gold's Bullish Momentum: Setting the Stage for 2024 Amid Economic Uncertainties READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment