U.S. private employers boost hiring; consumer spending rises
U.S. private employers stepped up hiring in November and consumer spending increased last month, the latest signs of economic strength that could further cement the case for an interest rate hike from the Federal Reserve next month.
The ADP National Employment Report showed on Wednesday that private payrolls increased by 216,000 jobs this month, well above economists' expectations for a gain of 165,000 jobs. The report is jointly developed with Moody's Analytics.. . . more