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Reuters exclusively reported that U.S. private payrolls increased more than expected in December as a result of underlying labor market strength, but skyrocketing COVID-19 infections could slow momentum in the months ahead. The surge in private hiring in the ADP National Employment Report on Wednesday was based on data collected in mid-December just as the Omicron variant was sweeping across the country, causing some events and hundreds of flights to be canceled.

The post Reuters reveals U.S. private payrolls surge as Omicron threat looms over economy appeared first on Reuters News Agency.