In an upbeat sign for the U.S. labor market, payroll processor Automatic Data Processing, Inc. (ADP) released a report on Wednesday showing that private sector employment increased by more than expected in the month of December.
ADP said the private sector added 238,000 jobs in December following an upwardly revised increase of 229,000 jobs in November.
Economists had expected an increase of about 200,000 jobs compared to the addition of 215,000 jobs originally reported for the previous month.
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