The U.S. private sector added 202,000 positions in December, according to an estimate from ADP and Moody’s Analytics.
This far outpaced the 150,000 new hires forecast by economists. In addition, ADP revised its November estimate dramatically higher, from 67,000 to 160,000.
The report suggests that the labor market ended 2019 in a position of rising strength. The Labor Department will release its report on the jobs situation on Friday. Economists expect that to show a gain of 160,000 private and public sector jobs.