Companies Added 215,000 Workers in December: ADP

Report suggests U.S. job market remained firm at year-end.

Companies added more workers than projected in December, indicating the U.S. job market finished 2012 with momentum, according to a private report based on payrolls.

The 215,000 increase in employment was the largest since February and followed a revised 148,000 gain the prior month that was larger than initially reported, figures from the Roseland, New Jersey-based ADP Research Institute showed today. The median forecast of 36 economists surveyed by Bloomberg called for a December advance of 140,000.

Sandy Effect

“Most encouraging is the revival in construction jobs, although the December gain was likely lifted by rebuilding after superstorm Sandy,” Zandi said.

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