The U.S. December "Little Non-Farm" data fell short of expectations, with wage growth dropping to the lowest point in three and a half years.
The U.S. December ADP private sector employment report shows that new jobs added totaled 122,000, the lowest increase since August of last year;
Wage growth increased by 4.6% year-on-year, the slowest growth since July 2021;
After the data release, the 10-year U.S. Treasury yield slightly retreated, and the stock market futures narrowed their decline.
From an industry distribution perspective, the education and health services sector performed the strongest, adding 57,000 positions in December, while construction and leisure and hospitality sectors also added over 20,000 jobs respectively.
Another notable trend is that the ADP report shows that most of the new jobs came from companies with over 500 employees, totaling 97,000.