Private sector employment increased by 246,000 jobs

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Wednesday, Feb 01 2017

Private sector employment increased by 246,000 jobs

Private sector employment increased by 246,000 jobs from December 2016 to January 2017 according to the January ADP National Employment Report. “The U.S. labor market is hitting on all cylinders and we saw small and midsized businesses perform exceptionally well,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.

“Further analysis shows that services gains have rebounded from their tepid December pace, adding 201,000 jobs. The goods producers added 46,000 jobs, which is the strongest job growth that sector has seen in the last two years.” Mark Zandi, chief economist of Moody’s Analytics said, “2017 got off to a strong start in the job market. Job growth is solid across most industries and company sizes. Even the energy sector is adding to payrolls again.”

More in this category: « China's Manufacturing PMI little changed in January UK Manufacturing PMI posted 55.9 in January »

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