US December ADP Non-Farm Employment at 122,000...Significantly Below Wall Street Expectations

The November ADP (Automatic Data Processing) non-farm employment index in the United States significantly fell short of Wall Street expectations.

According to the National Employment Report released by ADP on the 8th (local time), private sector new job employment in December was 122,000, significantly below the expected 139,000 and last month's figure of 146,000. This contrasts with the Job Openings and Labor Turnover Survey released yesterday, which exceeded expectations.

The ADP National Employment Report is a measure of employment changes based on payroll data from about 400,000 U.S. business clients of Automatic Data Processing (ADP) and is used as a predictor of government non-farm employment changes because it is released before government data.