ADP January Employment Report: 175,000 Private Sector Jobs

Economy UnemploymentADP private payroll processor showed today that 175,000 private sector jobs were added in January, slightly below the estimate of 180,000 according to briefing.com.

“The U.S. private sector added 175,000 jobs in January, which is in line with the average monthly growth throughout 2013” said Carlos Rodriguez, president and chief executive officer of ADP.

Small businesses created 75,000 jobs in January on a seasonally adjusted basis, accounting for 43 percent of employment gains across all payroll size groups.

Medium businesses saw gains of 66,000 while large businesses registered increases of 34,000.

Manufacturing had a decrease of 12,000 jobs. The construction industry had an increase of 25,000 jobs.

December’s ADP report was revised downward by 11,000 to 227,00 from 238,000 private-sector jobs, according to ADP National Employment Report.

On Friday the U.S. Labor Department will release their non-farm payroll report for January.

Briefing.com estimates that 185,000 non-farm payroll jobs were created in January with the unemployment rate holding steady at 6.7 percent.

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