Jan 8, 2014

Small Businesses Take the Lead in December HiringBy Gabrielle KarolSmallBusiness.FoxBusiness.com

The holiday spirit was in full effect last month, as private companies posted their highest hiring numbers in 2013, according to ADP data.

According to December’s ADP National Employment Report, private businesses added 238,000 jobs last month, with small businesses leading the pack. Businesses with 50 or fewer employees added 108,000 new jobs, with large businesses (those with 500 or more workers) next in line, adding 71,000 positions.

“It feels like the job market has kicked into a higher gear,” says Mark Zandi, chief economist for Moody’s Analytics. Moody’s collaborates with ADP, a private payroll processor, on the monthly report. The Labor Department will release its December jobs tally Friday.

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