Companies in U.S. Added 250,000 Jobs in December, ADP Says
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Payrolls at U.S. companies increased in December by the most in nine months, consistent with further progress in the labor market, according to data released Thursday from the ADP Research Institute in Roseland, New Jersey.
The increase in hiring remains consistent with a tight job market that has challenged companies’ ability to attract skilled and experienced workers. Steady employment growth also reflects more optimism among businesses that is starting to fuel capital investment and underscores an improving economy. The ADP figure compares with the Bloomberg survey median for a 185,000 advance in private payrolls when the government issues its jobs report on Friday.