The private sector added 215,000 jobs in December, according to payroll processor ADP. The figure comes in well above consensus estimates of around 150,000, according to Bloomberg, and points to a promising December job report.
"[215,000] is above the trend job creation we've been getting over the past couple of years, at about 150,000 a month," said Mark Zandi, chief economist at Moody's Analytics, which coproduces the report with ADP, in a call with reporters Thursday morning.
Source: U.S. News & World Report. Read full article. (link)