Private payrolls reached a 4-month high in December, as employers added 164,000 jobs led by a “healthy bump” in leisure & hospitality. Almost all the growth came in service-providing industries, with goods-producing companies only adding 9,000 jobs. Annual pay growth continued to decelerate, with ADP noting that the risk of a “wage-price spiral” leading to higher inflation “has all but disappeared.” #adp #job #mbssocialshare #mortgagemarketnews #mortgageintheknow