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US private sector adds 271,000 jobs in December

Employers in the U.S. private sector added more jobs than expected in December 2018, boosted by the holiday season and good weather, according to the ADP National Employment Report.

Private-sector employment grew by 271,000 jobs last month, surpassing the Econoday consensus estimate of 175,000 additional jobs. Employment growth in November 2018 was revised down to 157,000 from 179,000.

"Businesses continue to add aggressively to their payrolls despite the stock market slump and the trade war. Favorable December weather also helped lift the job market. At the current pace of job growth, low unemployment will get even lower," said Mark Zandi, chief economist of Moody's Analytics.

The services sector added 224,000 jobs, while the goods-producing sector saw 47,000 job gains.

Within the services sector, professional and business services led the expansion with 66,000 additional jobs. Education and health services, and leisure and hospitality followed suit with 61,000 and 39,000 additional jobs, respectively.

Within the goods-producing sector, construction posted 37,000 job gains and manufacturing added 12,000. The natural resources and mining subsector shed 2,000 jobs.

Medium-sized enterprises added 129,000 jobs, small businesses posted 89,000 job gains and large businesses added 54,000.

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