'The US labor market is hitting on all cylinders'

ADP's reading on the growth of private payrolls in the US surged above expectations for the month of January.
The measure of private-sector job growth increased by 246,000 for the month, well above the 168,000 that economists were expecting. The measure grew by 153,000 in the prior month.
The huge ADP beat is also a good sign of strength in the labor market ahead of the January jobs report, which is due out on Friday. That more comprehensive look is expected show nonfarm payrolls grew by 175,000