Record-breaking job creation in December, reports ADP(Read article summary)
Employment added more jobs in December 2010 than in any month of the past decade, as private employers – mostly smaller service-providing firms – added almost 300,000 new jobs.
SoldAtTheTop / The Paper Economy
Today, private staffing and business services firm ADP released the latest installment of their National Employment Report indicating that the situation for private employment in the U.S. improved notably in December as private employers added 297,000 jobs in the month bringing the total employment level 0.64% above the level seen in December 2009.
Looking at the chart (click for full-screen dynamic version) showing ADP’s total private nonfarm payrolls since 2001 as well as the year-over-year and month-to-month percent change, you can see that the so-called “recovery” has been anemic.
Perusing the rest of the data in the ADP dataset you can see the the economy is currently showing the most growth for small to mid-sized service providing jobs with goods-producing jobs remaining near trough levels.
Look for Friday’s BLS Employment Situation Report to likely show somewhat similar trends.
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