(Reuters) – U.S. private employers added 205,000 jobs in January, above economists’ expectations, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 195,000 jobs, with estimates ranging from 160,000 to 235,000.

Private payroll gains in the month earlier were revised up to 267,000 from an originally reported 257,000 increase.

The report is jointly developed with Moody’s Analytics.

Investors took the news positively though the job gains were not as strong as in December. U.S. stock index futures added several points to gains, while the U.S. Treasury market, which read more >>>

Source : BusinessInsider.Com