(Bloomberg) — Companies added more than 200,000 workers to payrolls in January for a fifth consecutive month, signaling steady labor market growth, according to a private payrolls report.
The 213,000 increase in employment followed a 253,000 December gain that was larger than initially reported, figures from Roseland, New Jersey-based ADP Research Institute showed Wednesday. The median projection of 44 economists surveyed by Bloomberg called for an advance of 223,000.
The U.S. labor market is demonstrating that it can keep adding jobs even as slumping energy prices hurt industries exposed to oil. A Labor Department report on Friday is projected to show the world's largest economy added 231,000 jobs last month.
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