ADP National Employment Report – December 2025

Jobs Down. Pay Up. Opportunity Quietly Moving in Real Estate

According to the ADP National Employment Report for December, 2025,private sector employment decreased by 41k jobs and pay was up 4.4% year-over-year. ADP says December brought a rebound in hiring, led by education and health services, and leisure and hospitality. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 25 million U.S. employees.

“Small establishments recovered from November job losses with positive end-of-year hiring, even as large employers pulled back.” Said ADP chief economist Dr. Nela Richardson.