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U.S. private payrolls beat expectations in December

ECONOMIC NEWS

U.S. private payrolls beat expectations in December

U.S. private payrolls increased more than expected in December, pointing to still-strong demand for labor despite higher interest rates.Private employment increased by 235,000 jobs last month, the ADP National Employment report showed on Thursday. Data for November was unrevised to show 127,000 jobs added. Economists polled by Reuters had forecast private jobs increasing 150,000.

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