U.S. December "Small Non-Farm" Data Revealed, Labor Market Cooling Down 🤔🤔

Data Overview👇

In December, ADP private sector added 122,000 jobs, the smallest increase since last August, lower than November and expectations.

Wage growth year-on-year at 4.6%, the slowest since July 2021.

Market Reaction👇

Ten-year U.S. Treasury yields slightly retreated, still near new highs, U.S. stock index futures narrowed their pre-market losses.

Industry Situation👇

Education and health services were the strongest, adding 57,000 positions, construction and leisure & hospitality each added over 20,000.

Business Size👇

Companies with over 500 employees added 97,000 jobs, while small businesses with fewer than 50 employees only added 5,000. Overall,

December "Small Non-Farm" shows labor market growth rate, hiring, and wage growth all slowing down.

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