Record-breaking job creation in December, reports ADP
Today, private staffing and business services firm released the indicating that the situation for private employment in the U.S. improved notably in December as private employers added 297,000 jobs in the month bringing the total employment level 0.64% above the level seen in December 2009.
Looking at the chart ( for full-screen dynamic version) showing ADP鈥檚 total private nonfarm payrolls since 2001 as well as the year-over-year and month-to-month percent change, you can see that the so-called 鈥渞ecovery鈥� has been anemic.
Perusing you can see the the economy is currently showing the most growth for small to mid-sized service providing jobs with goods-producing jobs remaining near trough levels.
Look for Friday鈥檚 BLS Employment Situation Report to likely show somewhat similar trends.
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