Private businesses in the United States hired 202 thousand workers during December 2019, the most since April and well above market expectations of 160 thousand. The service-providing sector added 173 thousand jobs, driven mostly by trade, transportation & utilities (78 thousand), professional & business (61 thousand), education & health (49 thousand), and financial activities (10 thousand). Employment in the information sector, however, fell 14 thousand. Meanwhile, the goods-producing sector added 29 thousand jobs, as a 37 thousand increase in construction jobs was enough to offset declines in manufacturing (-7 thousand) and natural resources and mining employment (-1 thousand). ADP Employment Change in the United States averaged 80.09 Thousand from 2001 until 2019, reaching an all time high of 360 Thousand in February of 2006 and a record low of -706 Thousand in February of 2009. source: Automatic Data Processing, Inc.
ADP Employment Change in the United States is expected to be 180.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate ADP Employment Change in the United States to stand at 150.00 in 12 months time. In the long-term, the United States ADP Employment Change is projected to trend around 150.00 Thousand in 2020, according to our econometric models.