ADP Says Companies in U.S. Added 241,000 Workers in December
Source: Business Week
Companies added more workers than forecast in December, indicating the U.S. job market was sustaining strength as 2014 drew to a close, according to a private report based on payrolls.
The 241,000 increase in employment followed a 227,000 rise in the prior month that was higher than initially reported, figures from the Roseland, New Jersey-based ADP Research Institute showed today. The median projection of 45 economists surveyed by Bloomberg called for an advance of 225,000 last month.
Headcounts are expanding as the world’s largest economy strengthens, driven in part by a pickup in household purchases as gasoline prices decline. Labor Department data in two days may show private payrolls climbed by 228,000 workers last month, according to the Bloomberg survey median.
“The job market continues to power forward,” Mark Zandi, chief economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, said in a statement. Moody’s produces the figures with ADP. “Businesses across all industries and sizes are adding to payrolls.”
Read more: http://www.businessweek.com/news/2015-01-07/adp-research-says-companies-in-u-dot-s-dot-added-241-000-in-december
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