U.S. Companies Add Most Workers Since April, ADP Says

U.S. companies in December added the most jobs in eight months, suggesting the labor market entered 2020 with momentum.

Businesses’ payrolls increased by 202,000 after an upwardly revised 124,000 gain a month earlier, almost double the initially reported figure, according to ADP Research Institute data released Wednesday. That exceeded all but one estimate in a Bloomberg survey of economists that called for a 160,000 gain.