Private Sector Cut Only 84,000 Jobs in December
More progress on the U.S. employment front, as the private sector cut just 84,000 jobs in December -- the fewest since March 2008, according to data compiled in the ADP National Employment Report. Economists surveyed by Bloomberg News had expected private employers to cut 75,000 jobs in December. Also, November's job loss total was revised to 145,000 jobs, down from the previously estimated 169,000 total.
