Private sector companies added more jobs than expected in January, furthering the case for a stable labor market that allows the Federal Reserve time as it contemplates its next policy move, ADP reported Wednesday.
The payrolls processing firm said companies created a net 183,000 jobs on the month, slightly more than the 176,000 in December, a number that was revised sharply upward from the initial figure of 122,000. Economists surveyed by Dow Jones had been looking for a gain of 150,000.
