Trump Economy Continues Winning as US Companies Add 202K Workers in December: Report

The jobs market finished 2019 on a high note, adding 202,000 new positions to the private sector payrolls in December.

According to an ADP and Moody’s Analytics report released on Wednesday, the service sector provided 173,000 of those positions.

Meanwhile, small and medium sized companies made up a bulk of the hiring, with small businesses (1-49 employees) adding 69,000 new jobs, while midsized employers (50-499 workers) brought on 88,000. ADP also revised its initial November new jobs count from 67,000 to 124,000 created.

The country has been experiencing its lowest unemployment rate since 1969, and the lowest ever for African-Americans, Hispanic-Americans and Asian-Americans.

Meanwhile, hourly wages have risen at their fastest rate in years, with those at the lowest end of the economic spectrum seeing the highest percentage gains.

Since President Donald Trump was elected, 7 million new jobs have been created.

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