US ADP Employment Change (Dec) 41K vs. Exp. 47K (Prev. -32K, Rev. -29k)

• ADP's Richardson "Small establishments recovered from November job losses with positive end-of-year hiring, even as large  employers pulled back".

Median Change in Annual Pay

• Job stayers 4.4% (prev. 4.4%)
• Job changers 6.6% (prev. 6.3%)