ADP: 234,000 Jobs Added in January

The non-farm private sector added 234,000 jobs in January, according to the ADP National Employment Report. This followed a 242,000 job increase in December.

Small businesses with fewer than 50 employees gained 58,000 jobs. Medium-sized businesses with 50-499 employees created 91,000, while large businesses added 85,000 jobs.

“We’ve kicked off the year with another month of unyielding job gains,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Service providers were firing on all cylinders, posting their strongest gain in more than a year. We also saw robust hiring from midsize and large companies, while job growth in smaller firms slowed slightly.”

Service-providing employment rose by 212,000 jobs, driven by the trade, transportation, and utilities sector which added 51,000. The health services sector had a robust report, adding 41,000 jobs. Goods-producing employment grew by 22,000 jobs. The manufacturing industry gained 12,000, while the construction sector created 9,000 jobs.

Read the ADP report.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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