Specifies the change in the level of those hired over the past month, excluding those hired in the agricultural sector
This indicator is published two days before the publication of the ADP employment report on the official office of human resources statistics, which provides solutions in the field of employment for companies.
Private firms in the United States created 235,000 jobs in December of 2022, which is higher than the upward rate of 182,000 in November and well above market expectations of 150,000. Service providers added 213 thousand, led by entertainment and hospitality (123 thousand), professional and commercial services (52 thousand), and education and health services (42 thousand). The goods production sector rose by 22 thousand, led by the construction sector (41 thousand). On the other hand, job losses were noted in commerce, transportation and utilities (-24k), natural resources and mining (-14k), financial activities (-12k) and manufacturing (-5k). In 2022, salary growth will average around 301k per month. “The job market is strong but fragmented, with hiring varying sharply by industry and the size of the organization. Business sectors that hired strongly in the first half of 2022 slowed hiring and in some cases cut jobs in the last month of the year,” said Nella Richardson, chief economist at ADP. Meanwhile, annual salary increased 7.3% year-on-year in December, down from 7.6% in November.

Outlook for today's statement and how it will affect the currency

The forecast for today's statement is 176 thousand
In the event that the data was issued in numbers higher than expectations, this positively affects the currency and vice versa

The timing of the statement

The statement will be issued at 4:15 pm Mecca Al-Mukarramah time



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