Jobs, cars, and B-Y-O-M, bring your own mug? I'm David Brancaccio. The Gold Standard reports on hiring and

unemployment don't come out until tomorrow, but today we got a private sector

calculation using numbers from the payroll company ADP hiring stronger than

expected 164,000 more people getting paychecks. That's for December. Yesterday we learned that there

were slightly fewer job openings posted nationwide in November. Let's put all of

this together. Diane Swank is chief economist at the audit tax and advisory firm, KPMG.

Almost all of the decline, actually more than all of the decline was in transportation

warehousing and utilities. The transportation sector and warehousing and utilities.

The transportation sector and warehousing,

that was a sector that just exploded coming out of the pandemic.

It's still running 15% plus above where it was in February 2020, but seven of the last 11 months it's been

in contraction because it slipped into a recession.

Now the official government reports on unemployment and hiring come out tomorrow. But today we got the private sector data from ADP and it showed things running pretty strong in December.

Labor demand is still fairly robust.

It's concentrated, highly concentrated in three sectors, health care, leisure and hospitality and government hiring.

However, we're still catching up from those strikes we had last October as well.

Many of the plants that were idle took time to ramp up.

The same is true of movie production and TV productions that were underway.

So some of that is going to boy the employment gains

that we get in December.

Economist Diane Swank at KPMG,

at a car and truck sales in America up 12% last year according to the latest data.

...