ADP Says Companies in U.S. Added 205,000 Workers in January

Companies hired 205,000 workers in January as the labor market continued to power past a growth slowdown and financial-market volatility.

The increase in private employment last month followed a revised 267,000 gain in December that was more than previously reported, according to figures released Wednesday from the ADP Research Institute in Roseland, New Jersey. The median forecast of economists surveyed by Bloomberg called for a January advance of 195,000.