US private sector employment surged in the month of December, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment spiked by 807,000 jobs in December after jumping by a revised 505,000 jobs in November. The much stronger than expected private sector job growth reflected broad-based gains, with employment in the service-providing sector soaring by 669,000 jobs amid a jump in leisure/hospitality jobs.
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