US ADP employment grows 164k, pay growth retreat further

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<p>US ADP private employment grew 164k in December, above expectation of 130k. By sector, goods-producing jobs rose 9k while service-providing jobs rose 155k. By establishment size, small companies added 74k jobs, medium companies added 53k, and large companies added 40. Median change in annual pay for jobs-stayers slowed from 5.6% to 5.4%, and for job-changers [&#8230;]</p>
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