ADP Report Says Private Sector Added 213,000 Jobs In January

The AP (2/5) reports that the latest edition of the ADP/Moody’s Analytics jobs report says that private-sector employers added 213,000 jobs in January. The AP says it is a “decent increase,” though it is “the smallest in four months.” It also came in below economists’ expectations of 230,000. The report noted that “manufacturers added 14,000 jobs,” 7,000 less than in December; “construction companies hired 18,000 more workers”; and service companies including “retail, transportation and utilities firms added 54,000 jobs.”

        Small Businesses Added Jobs At A Faster Rate Than Larger Firms. The Small Business Trends (2/4, Sophy) reports the ADP Report found that “Small businesses added 78,000 jobs from December to January,” a rate faster than the largest companies in the US. According to US News & World Report (2/4, Soergel), Intuit’s Small Business Employment and Revenue Indexes indicate that companies with fewer than 20 employees added 10,000 fewer jobs in January than in December.

For more news from the National Association of Manufacturers, visit www.nam.org.