Private labor costs in the US will recover less than expected in November

U.S. private labor costs recovered less than expected in December, the ADP national employment report showed on Wednesday.Private employment increased by 41,000 jobs last month, after a revised decline of 29,000 in November. Economists polled by Reuters had forecast private employment to rise by 47,000 jobs, after a previously reported drop of 32,000 in November. […]