Leisure & hospitality added the most jobs. Stocks like DAL & CCL have been on a bull run lately, but large companies like these actually "shed" 8k jobs, source zacks however it's still relevant that if the sector is hiring, then those stocks will be bullish.
Small companies added the most jobs with +299k, medium +183k; not sure why ADP break up these numbers by company sizes because there's a missing 15k jobs (their sector numbers add up correctly to 497k).. (cross reference to the actual ADP report here).
Manufacturing & IT lost the most jobs.
From the ADP report:
Change in U.S. Private Employment: 497,000
Change by Industry Sector
- Goods-producing: 124,000
- Natural resources/mining 69,000
- Construction 97,000
- Manufacturing -42,000
- Natural resources/mining 69,000
- Service-providing: 373,000
- Trade/transportation/utilities 90,000
- Information -30,000
- Financial activities -16,000
- Professional/business services -5,000
- Education/health services 74,000
- Leisure/hospitality 232,000
- Other services 28,000
- Trade/transportation/utilities 90,000
[link] [comments] https://www.reddit.com/r/stocks/comments/14sd4ul/adp_jobs_report_blowout_497k_vs_220k_expected/
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