Private payrolls post first drop since April
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2021-01-06 13:07:33
Private payrolls post first drop since April as coronavirus spread hits job growth, ADP says
Private payrolls declined by 123,000 in December vs. the Dow Jones estimate for a gain of 60,000.
The drop countered seven straight months of growth and was the first negative number since April.
Leisure and hospitality suffered the biggest job losses, with most of the cuts coming from large businesses.
https://www.cnbc.com/2021/01/06/private-payrolls-decrease-123000-in-december-vs-estimate-for-a-60000-gain-adp-reports.html