FXstreet.com (Barcelona) - After two months of spectacular increase in job creation, the US work market will post a rather more moderate increase in employment in December, according to the latest ADP employment report.
Non farm private sector jobs increased by 40,000 from November to December, following a 173,000 increase in November, revised down from the previously estimated 189,000 increase. Decembers's increase shows a slow down in work creation pace when compared with the 118,000 average posted in the previous thee months.
Private employment in the services sector increased by 71,000, while in the goods producing sector, employment decreased by 31,000. Manufacturing employment fell by 16,000.