Companies added way more jobs than expected in December, ADP/Moody's report shows
January 03, 2019 at 08:15 AM EST
Contrary to growing concerns about a potentially slowing U.S. economy, job creation surged in December as measured by the latest ADP/Moody's Analytics survey. Companies added 271,000 new positions as 2018 came to a close, smashing estimates of 178,000 from economists surveyed by Reuters.