Private payrolls soar in January, the best monthly gain in nearly 5 years
PUBLISHED 2 HOURS AGO UPDATED 59 MINS AGO
Jeff Cox
@JeffCoxCNBCcom
CNBC.COM
Private payrolls rose by 291,000 in January, the best month since May 2015, according to ADP and Moody's
The report was nearly twice the expected gains.
ADP: January payrolls increased by 291,000, vs 150,000 expected
Job seekers speak with representatives during a Disabled American Veterans (DAV) and RecruitMilitary LLC job fair in Detroit, Michigan, U.S, on Thursday, Oct. 31, 2019.
The jobs market kicked off 2020 in grand fashion, adding 291,000 in private payrolls for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody's Analytics.
That was well above the 150,000 estimate from economists surveyed by Dow Jones and more evidence that the U.S. still is a good distance from full employment even with the jobless rate at its lowest point in more than 50 years. The total also was a sharp gain from the 199,000 in December, which was revised down 3,000 from the initial count.
Growth came across a swath of i