Private-sector employment rose by 187,000 jobs in January on a seasonally adjusted basis as the labor market accelerated into the fastest pace of job creation in five years, according to the ADP National Employment Report released Wednesday.

December job creation was revised downward by 50,000 new positions to 247,000 in the new data. However, the 434,000 nonfarm jobs created the past two months still represents the most robust job creation since January and February of 2006.

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