ADP Payrolls Surge by 174,000 in January, Rebounding from December Slump By Investing.com

© Reuters.
© Reuters.

By Geoffrey Smith 

Investing.com —  The U.S. labor market bounced back with vigor from its lockdown-related blues in the first month of the year, according to a closely-watched private survey released Wednesday.

Payrolls processor said the U.S. private sector added a net 174,000 jobs in the month through mid-January, over three times as many as analysts polled by Investing.com had expected.

The number also more than outweighs the 123,000 drop in private-sector employment it reported in December, when the service sector in particular was hammered with restrictions on dining

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