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U.S. private sector jobs surged in December at a rate three times stronger than forecast, a hiring report showed, the most bullish signal in months that a recovery in the world’s biggest economy is stepping up a gear.
The ADP Employer Services private sector jobs report on Wednesday comes two days ahead of the U.S. government’s closely watched payrolls report. Many economists raised their forecasts for a wider reading of jobs growth on Friday. Get the full story »
While the private sector slashed more jobs than expected in August, overall employers aren’t planning as many cuts for the future, two separate reports showed Wednesday. Get the full story »
In another sign that the economy is not gaining the way it needs to, the ADP employment report just released shows employment growing just 13,000 for the month. The ADP report generally hints at what is to come with the government’s official employment numbers. They are due on Friday.
