U.S. Economy Added 192,000 Private-Sector Jobs in January
Posted in the Minneapolis Forum
Saint Paul, MN
#1 Jan 30, 2013
U.S. Economy Added 192,000 Private-Sector Jobs in January, According to ADP National Employment Repo
Source: ADP Payroll Services
Roseland, N.J.- January 30, 2013 - Private sector employment increased by 192,000 jobs from December to January, according to the December ADP National Employment Report®, which is produced by ADP®, a leading provider of human capital management solutions, in collaboration with Moody's Analytics. The report, which, is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. The December 2012 report, which reported job gains of 215,000, was revised downward by 30,000 to 185,000 jobs.
Goods-producing employment rose by 15,000 jobs in January which was primarily driven by an increase in construction jobs of 15,000. Meanwhile, manufacturers shed 3,000 jobs.
Service-providing jobs increased by 177,000. Among the service industries reported by the ADP National Employment Report, professional/business services registered the largest gain with 40,000 jobs added over the month. Trade/transportation/utilities added 33,000 jobs and financial activities added 12,000 jobs.
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