ADP: 291,000 Jobs Added in January

The non-farm private sector added 291,000 jobs in January, according to the ADP National Employment Report. This followed a 271,000 job increase in December.

Small businesses with fewer than 50 employees gained 94,000 jobs. Medium-sized businesses with 50-499 employees created 128,000, while large businesses added 69,000 jobs.

“The labor market experienced expanded payrolls in January,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Goods producers added jobs, particularly in construction and manufacturing, while service providers experienced a large gain, led by leisure and hospitality. Job creation was strong among midsized companies, though small companies enjoyed the strongest performancein the last 18 months.”

Service-providing employment rose by 237,000 jobs, driven by the Professional/business services and Education/health services, which added 49,000 and 70,000 respectively. The leisure and hospitality sector had another robust report, adding 96,000 jobs. Goods-producing employment grew by 54,000 jobs. Both the manufacturing and construction industries gained 10,000 and 47,000 jobs respectively. Natural Resources/mining decreased by 2,000 jobs.

Read the ADP report.

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Hugo Dante

Hugo Dante is an economist in Washington, D.C. He was previously an economic research specialist at ABA. In addition to the ABA Banking Journal, his writing has appeared in The Hill, The National Interest and Townhall. Views expressed here are his own.