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Private sector employment in the U.S. increased by much more than anticipated in the month of January, according to a report released by payroll processor ADP on Wednesday.
ADP said employment in the private sector spiked by 234,000 jobs in January after surging up by a revised 242,000 jobs in December.
Economists had expected an increase of about 185,000 jobs compared to the jump of 250,000 jobs originally reported for the previous month.
