U.S. Private Sector Adds Jobs at Solid Pace in December Despite 'Cliff' Worries

January 3, 2013 8:20 AM EST
The ADP National Employment Report showed that the U.S. added 215,000 jobs in December, well above the expected gains of 140,000. In addition, the November 2012 report, which reported job gains of 118,000, was revised upward by 30,000 to 148,000 jobs.

Small businesses added 25,000 jobs, Medium businesses added 102,000 jobs and Large businesses added 87,000 jobs.

The goods producing sector added 28,000 jobs, while the service providing sector added 187,000.

Mark Zandi, chief economist of Moody's Analytics, said, "The job market held firm in December despite the intensifying fiscal cliff negotiations in Washington. Businesses even became somewhat more aggressive in their hiring at year end. Most encouraging is the revival in construction jobs, although the December gain was likely lifted by rebuilding after Superstorm Sandy. The job market ended 2012 on a more solid footing."

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