US private hiring surges to 246,000 in January: ADP

US private-sector hiring surged in January with gains across most industries and company sizes, in another sign the economic recovery is picking up steam, payroll services firm ADP reported Wednesday. The sign of strength in the labor market comes just hours before the Federal Reserve is due to release its latest decision on monetary policy. "The US labor market is hitting on all cylinders and we saw small and midsized businesses perform exceptionally well," said Ahu Yildirmaz, vice president of