U.S. Dec. ADP employment up 297,000
U.S. Dec. ADP employment up 297,000 (by Ruth Mantell)
WASHINGTON (MarketWatch) -- Private-sector employment gained 297,000 in December, according to Automatic Data Processing Inc.'s employment report released Wednesday. Employment in the service-producing sector rose 270,000, the largest monthly increase on record. Employment in the goods-producing sector rose 27,000, the largest gain since February of 2006. On Friday, the government will report on December's nonfarm payrolls, which also include government workers, and economists polled by MarketWatch are looking for a gain of 143,000, and for the unemployment rate to remain at 9.8%.