U.S. payroll services provider Automatic Data Processing (ADP) released by private employment report showed that in December a total of U.S. private sector added 297,000 jobs, that number greatly exceeded market expectations.
At the same time, private employment in the ring in November from the previous incremental release than 93,000 down slightly to 9.2 million. According to Thomson Reuters survey of economists in December of private employment on average expected the chain increment of 10 million. ADP private employment report from ADP and Macroeconomic Advisers LLC United States jointly compiled.
Two days later, the Labor Department will release a more comprehensive December employment report, which includes both the private sector employment data, including public sector employment figures. According to a Reuters survey, the average market expectations in December non-farm employment will increase by 14 million chain, including private employment to 14.5 million. Expected that the market is estimated that public sector employment will decline slightly.
Economists often according to the latest ADP report further adjust their expectations of the non-agricultural employment. However, ADP Report sometimes does not accurately predict subsequent employment report released by the situation.