The U.S. economy added 246,000 private, non-farm jobs in December, according to the monthly employment report released this morning by payroll-management firm ADP and its partner Moody’s Analytics. The seasonally adjusted result is a 62 percent increase from December’s downwardly revised 151,000 jobs, and 42 percent higher than the previous January, when 173,000 jobs were created.

“The U.S. labor market is hitting on all cylinders and we saw small and midsized businesses perform exceptionally well,” said Ahu Yildirmaz, vice president and head of the ADP Research Institute. “Further analysis shows that services gains have rebounded from their tepid December pace, adding 201,000 jobs.”