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ADP Reports Big Jump In Jobs In December, Wage Growth Plunges

by TYLER DURDEN


Following last month’s big miss, analysts expected a modest uptick of 150k new jobs in today’s ADP Employment Report, but instead – and frustrating for The Fed – ADP reports the addition of 235k jobs in December.

Job resurgence was seen in the last two months of 2022 led by consumer-facing service industries.

Hiring was strong across small and medium establishments while large establishments saw a drop in employment of 151,000 jobs…


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