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Private sector job growth surges, report says; Gain of 297,000 jobs in December ADP report far higher than expected
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| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus Jan 05, 2011 02:16pm |
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| Category | Report |
| News Date | Wednesday, January 5, 2011 08:15:00 PM UTC0:0 |
| Description | NEW YORK — Private employers added 297,000 jobs in December -- far more than expected -- according to a report issued Wednesday that often serves as a bellwether for the government's monthly employment report.
The employment gain reported by ADP Employer Services was the largest in the history of the report from the payrolls processor and nearly three times the 100,000 that was expected on average by economists.
Private employers added 92,000 jobs in November, according to a revised figure from ADP, which originally reported a gain of 93,000.
The report was one of several suggesting the sluggishly growing economy is beginning to gain momentum. |
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