US: Private hiring soars; seasonal issues cloud gain

posted by
January 5, 2012
Reuters [UK]    
Posted in News, PND News

"The jobs recovery gathered pace as a measure of private-sector hiring surged in December and claims for unemployment benefits fell, suggesting the battered labor market may continue to strengthen in 2012. The ADP National Employment Report's December job tally of 325,000 surprised economists who had expected a gain of roughly half that size. It was also above the 204,000 private jobs added in November. Many economists struck a note of caution, though, saying the number may have been distorted by seasonal factors." (01/05/12)

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