(Worthy News) - U.S. private payrolls increased by the most in eight months in December, pointing to sustained labor market strength though job gains last month were likely flattered by a seasonal quirk.
The ADP National Employment Report on Wednesday showed private payrolls jumped by 202,000 jobs last month, the largest gain since April, after an upwardly revised 124,000 rise in November. Private job growth averaged 163,000 jobs per month in 2019, slowing from an average increase of 219,000 in 2018.
Economists polled by Reuters had forecast private payrolls advancing 160,000 last month following a previously reported 67,000 rise in November. [ Source: Reuters (Read More...) ]
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