Roseland, NJ, United States (4E) – The job market finished strong in 2013, with businesses continuing their solid payroll gains in December, according to the Automatic Data Processing Inc. (ADP) report released Wednesday.
U.S. private-sector payrolls climbed by 238,000 positions in December based on the national employment report compiled by the payroll processor as well as the forecasting firm Moody’s Analytics.
Small businesses added 108,000 jobs in December, while large companies added 71,000 and midsize firms gained 59,000.
Economists predicted the ADP December report to show an increase of 200,000 jobs, according to a survey by the Dow Jones Newswires. The November ADP payroll figure was also revised up to 229,000 from the initial estimate of 215,000.
Professional and business services led the increase in payroll by adding 53,000 positions. Construction firms, which are benefiting from the housing rebound, added a solid 48,000. Trade, transportation and utilities companies added 47,000 and manufacturing firms gained 19,000 jobs.
ADP releases its payroll figures ahead of the employment situation report by the Bureau of Labor Statistics due on Friday.
Payrolls for service-sector companies rose by 170,000 in December, while the factory sector gained 19,000 new positions. Construction payrolls climbed 48,000 slots.