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Economy

“Private payrolls added 164,000 in December, beating expectations, ADP says”

“…Private payrolls increased by 164,000 for the month, a substantial rise from the downwardly revised 101,000 in November and better than the 130,000 estimate from the Dow Jones consensus, according to the payrolls processing firm…

There were only a few categories down on the month, with manufacturing off 13,000 and information services and natural resources and mining both seeing a decline of 2,000…”

https://www.cnbc.com/2024/01/04/private-payrolls-added-164000-in-december-beating-expectations-adp-says.html

So energy and production, the most important job sectors, are in decline. This is not a good look.

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