Economics
U.S. Companies Add Most Jobs in Seven Months, ADP Data Show
- Payrolls rose by 807,000 in December, almost double consensus
- Gains were broad-based across goods producers and services
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U.S. companies in December added the most jobs in seven months, indicating that more Americans are returning to the labor force and helping employers to fill a near-record number of open positions.
Businesses’ payrolls grew by 807,000 last month, after a downwardly revised 505,000 gain in November, according to ADP Research Institute data released Wednesday. The median forecast in a Bloomberg survey of economists called for a 410,000 rise.