Private-sector employment rose by 297,000 jobs in December due to a surge of services sector hiring, according to the ADP National Employment Report.

The seasonally adjusted data released Wednesday indicates non-farm payrolls rose to 107.5 million thanks largely to a gain of 270,000 services jobs. The ADP index is considered a key precursor to the December employment situation report, which is scheduled for release Friday by the U.S. Labor Department.

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