The labor market therefore remains very solid, despite the slowdown in economic activity caused by the American central bank (Fed), to fight against inflation which has reached levels not seen for 40 years.
Private employers in the US created significantly more jobs than expected in December, the labor market remains very robust with, however, significant disparities between sectors, according to data released Thursday, on the eve of the publication of the official data.
In the last month of 2022, according to the ADP/Stanford Lab monthly survey, 235,000 jobs were created by private companies, well above the 148,000-153,000 projected by various economists.
The labor market therefore remains very solid, despite the slowdown in economic activity caused by the American central bank (Fed), to fight against inflation which has reached levels not seen for 40 years.
“The job market is dynamic but fragmented, with hiring varying greatly depending on the sector and size of establishment. Business segments that had been hiring aggressively in the first half of 2022 slowed hiring and in some cases cut jobs in the last month of the year,” commented Nela Richardson, chief economist at ADP. , quoted in the press release.
Thus, it is companies with fewer than 500 employees who have created jobs, while large corporations have destroyed them.
And by sector, the leisure and hotel industries created the most jobs.
Quant aux salaries, ils continuant à grimper, mais ont connu leur plus faible progression depuis le mois de mars, à +7,3% pour les salariés restés chez le même employee, et +15,2% pour ceux qui ont changé d’ agency.
Wages have in fact increased dramatically, due to a severe labor shortage for two years.
December employment data will be released on Friday. The unemployment rate is expected to be stable compared to November, at 3.7%, still one of the lowest levels in the last 50 years.
The number of job creation, private and public sector combined, is expected to slow, to 210,000 versus 263,000, according to the briefing.com consensus.
The number of job vacancies remained very close to its end-October level at 10.5 million in late November. And resignations have even risen again, to nearly 4.2 million, up from 4 million last month, according to data released Wednesday by the American Bureau of Statistics (BLS) in its JOLTS report.
“The big resignations are far from over,” Julia Pollak, chief economist at job site ZipRecruiter, commented on Twitter.
