< >

 

U.S. Economy Added 175,000 Private-Sector Jobs in January, According to ADP National Employment Repo

Source: Automatic Data Processing, ADP®

ADP National Employment Report: Private Sector Employment Increased by 175,000 Jobs in January

Roseland, N.J. – February 5, 2014 – Private sector employment increased by 175,000 jobs from December to January according to the January ADP National Employment Report®.
….

Goods-producing employment rose by 16,000 jobs in January, down from a downwardly-revised figure of 50,000 in December. Nearly all of the growth came from the construction industry which added 25,000 jobs over the month; this followed increases of 30,000 and 32,000 in the prior two months. Manufacturing lost jobs in January; the decline of 12,000 followed a revised gain of 16,000 in the prior month and was the first decline in industry payrolls since July 2013.

Service-providing industries added 160,000 jobs in January, down from an upwardly-revised December figure of 177,000. The ADP National Employment Report indicates that professional/business services contributed the most to growth in service-providing industries, adding 49,000 jobs. This was well below the average gain of the prior two months of 65,000. Expansion in trade/transportation/utilities slowed to a gain of 30,000 jobs in January. Financial activities employment was flat over the month, following two consecutive months of gains of 6,000 apiece.

Change in Nonfarm Private Employment (in thousands)

U.S. Economy Added 175,000 Private-Sector Jobs in January, According to ADP National Employment Repo

Historical Trend – Change in Total Nonfarm Private Employment (in thousands)

Historical Trend - Change in Total Nonfarm Private Employment (in thousands)

Read more

———————————————-

Good morning, Freepers and DUers alike. I especially welcome our friends from across the aisle. Please, everyone, put aside your differences long enough to digest the information. After that, you can engage in your usual donnybrook.

What is important about these statistics is not so much this month’s number, but the trend. So let’s look at some earlier numbers.

ADP, for employment in December 2013:

U.S. Economy Added 238,000 Private-Sector Jobs in December, According to ADP National Employment Report
http://www.democraticunderground.com/1014691789

From last month: http://www.adpemploymentreport.com/2013/December/NER/NER-December-2013.aspx

For the text, please see http://www.adpemploymentreport.com/2013/December/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-December2013-Final-Press-Release.pdf

BLS releases its numbers at 8:30 a.m. on Friday.

Tags: , , , ,

Welcome to LNC Live News Stream Cloud