Thursday, January 6, 2011

US: Private Employment data for Services Industry rose the most in Dec-2010, since 2000



Services Industry Employment:
According to the ADP Report, employment in the service-providing sector rose by 270,000 in December 2010 , the eleventh consecutive monthly gain and the largest monthly increase, since 2000.




It's nearly three times what economists forecast and the biggest jump on record for ADP.


Goods Producing Sector Employment:
Employment in the goods-producing sector rose 27,000 in Dec 2010, the second consecutive monthly gain and the largest since February 2006.


Manufacturing Sector Employment:
Manufacturing employment rose 23,000 in Dec 2010, also 
the second


consecutive monthly gain.  


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