ADP Numbers Lowest Since August; Initial Claims Also Down
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The ADP report shows that 122,000 new private-sector jobs were filled in December, which is below the expected 136,000 and the previous month's 146,000. Initial jobless claims also decreased.
January 08, 2025 | 4:30 pm
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NEGATIVE IMPACT
ADP reported 122,000 new private-sector jobs in December, missing expectations and showing a decline from the previous month.
The lower-than-expected job numbers from ADP could indicate a slowing job market, which may negatively impact ADP's stock as it reflects on their data accuracy and economic outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80