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ADP: December 2010 National Employment Report

Private-sector employment increased by 297,000 from November to December on a seasonally adjusted basis, according to the latest ADP National Employment Report. The estimated change of employment from October to November was revised down but only slightly,from the previously reported increase of 93,000 to an increase of 92,000. 



This month’s ADP National Employment Report suggests nonfarm private employment grew very strongly in December, at a pace well above what is usually associated with a declining unemployment rate.  After a mid-year pause, employment seems to have accelerated as indicated by September’s employment gain of 29,000, October’s gain of 79,000, November’s gain of 92,000 and December’s gain of 297,000.  Strength was also evident within all major industries and every size business tracked in the ADP Report.



According to the ADP Report, employment in the service-providing sector rose by 270,000 in December, the eleventh consecutive monthly gain and the largest monthly increase in the history of the report.  Employment in the goods-producing sector rose 27,000, the second consecutive monthly gain and the largest since February 2006.  Manufacturing employment rose 23,000, also the second consecutive monthly gain.  



Employment among large businesses, defined as those with 500 or more workers, increased by 36,000 while employment among medium-size businesses, defined as those with between 50 and 499 workers, increased by 144,000.  Employment among small-size businesses, defined as those with fewer than 50 workers, increased by 117,000.*  Construction employment was unchanged in December, ending continuous monthly declines since June 2007.  The decline in Construction employment, since its peak in January 2007, is 2,306,000. Employment in the financial services sector declined 8,000 in December.      


For information on the construction sector and use of the ADP Report, please visit the methodology section of the ADP National Employment Report website at http://ADPemploymentreport.com/methodology.aspx.



*All size data included in the ADP National Employment Report is based on size of payroll.  In some cases, small and medium-size payrolls belong to businesses employing more workers than indicated by the size grouping. DERIVED FROM ADP PAYROLL DATA

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