Economic Indicators Look Good Ahead of Government Report
Businesses added more than 200,000 jobs in December, the highest number in more than a year, according to ADP, a payroll processor. U.S. mortgage applications rose too, as did retail sales. Even troubled JC Penny saw a “pleasing” performance. Experts hope all this good news is just a precursor to a positive Fed jobs report on Friday, showing the U.S. economy well on the road to recovery.