Private payrolls post first drop since April

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
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