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December's private job gain was broad based
despite concerns about downsizing at oil-related companies that
have seen a dramatic fall in crude prices to 5-1/2 year lows on
Tuesday.
"That's a good sign that (job growth is) not dependent on any
one industry," said Ahu Yildirmaz, head of ADP Research
Institute on a conference call with reporters after the release
of the data.
She said there was a decline in jobs in mining and natural
resources in December, but did not provide a specific figure.
Economists surveyed by Reuters had forecast the ADP National
Employment Report would show a gain of 226,000 jobs.
November's private payrolls were revised up to 227,000 from the
previously reported 208,000.
The report is jointly developed with Moody's Analytics.
The ADP figures come ahead of the U.S. Labor Department's more
comprehensive nonfarm payrolls report on Friday, which includes
both public and private sector employment.
Economists polled by Reuters are looking for total U.S.
employment to have grown by 240,000 jobs in December, down from
321,000 in November, with private-sector hiring seen at 230,000
compared with 314,000 the month before. The unemployment rate is
seen dipping from 5.8 percent to 5.7 percent, which would be the
lowest since June 2008.
Most economists did not alter their payroll forecasts after the
latest ADP figures.
"ADP rarely if ever forces us to reconsider our estimate for
payrolls. This go round is no different," Eric Green, head of
U.S. rates and economic research at TD Securities wrote in a
research note.
(Reporting by Richard Leong; Editing by Meredith Mazzilli)
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