5 Economic Triumphs for the US Under Trump
3) 250,000 Jobs Added in December
ADP and Moody's Analytics said this week that companies hired 250,000 new workers to close out the year, well above Wall Street expectations of 190,000, according to CNBC.
Last year's private payroll growth stood at 2.54 million, an average of 212,000 a month.
"The job market ended the year strongly," Moody's chief economist Mark Zandi said in a statement. "Robust Christmas sales prompted retailers and delivery services to add to their payrolls. The tight labor market will get even tighter, raising the specter that it will overheat."
Economists expect that the U.S. economy added about 189,000 jobs in December.