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Private sector cut 123K jobs in December, says ADP

Private sector cut 123K jobs in December, says ADP
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U S Stocks Close Mixed As Traders React To Georgia Runoffs, Riot At The Capitol

U.S. Stocks Close Mixed As Traders React To Georgia Runoffs, Riot At The Capitol WASHINGTON (dpa-AFX) - The Dow moved sharply higher during trading on Wednesday and ended the session at a new record closing high, while the tech-heavy Nasdaq saw considerable volatility over the course of the trading day before closing firmly in the red. While the Nasdaq slid 78.17 points or 0.6 percent to 12,740.79, the Dow jumped 437.80 points or 1.4 percent to 30,829.40 and the S&P 500 climbed 21.28 points or 0.6 percent to 3,748.14. The mixed performance on Wall Street came as traders reacted to the results of the highly anticipated Georgia runoff elections on Tuesday.

Canada: ADP Employment Change improves to +40 8K in November

Dec 17, 2020 15:02 GMTFXStreet News Private sector employment in Canada increased modestly in November. USD/CAD stages a modest rebound in the early American session. Private sector employment in Canada increased by 40,800 jobs from October to November, the ADP Research Institue revealed in its monthly report on Thursday. On a negative note, the previous reading got revised down to -383,500 from -79,500. Commenting on the data, “the job market posted employment growth in November,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Job gains were seen in the professional services and finance and trade sectors as a result of the ease of restrictions on businesses and social activities.” 

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