Private Sector Payrolls Surge in December

Roseland, NJ, Jan. 5, 2012 -- Private-sector payrolls grew substantially in December, according to the employment report released Thursday by Automatic Data Processing.

ADP said that private payrolls gained 325,000, far outpacing growth in prior months.

ADP reported that employment rose 273,000 for the service-providing sector, and 52,000 for the goods-producing sector. By firm size, employment rose 148,000 at small businesses, 140,000 at medium businesses and 37,000 at large businesses.