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.
