“Private payrolls added 164,000 in December, beating expectations, ADP says”
January 5, 2024
“…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…”
So energy and production, the most important job sectors, are in decline. This is not a good look.