Private sector employment increased by 213,000 jobs

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Wednesday, Feb 04 2015

Private sector employment increased by 213,000 jobs from December to January according to the January ADP National Employment Report. Analysts were anticipating increase by 224,000. Payrolls for businesses with 49 or fewer employees increased by 78,000 jobs in January, down from 115,000 in December. Employment among companies with 50-499 employees was the only segment showing an increase in January. These businesses added 95,000 jobs, up from December’s increase of 78,000.

Employment at large companies – those with 500 or more employees – decreased from 61,000 the previous month to 40,000 jobs added in January. Companies with 500-999 employees added 14,000 jobs, down from December’s 23,000. Companies with over 1,000 employees added 26,000 jobs, down from December’s 39,000.

After the data USD was mostly unchanged with euro currently being traded around 1.1440 level, Sterling at 1.5240 area and Aussie slightly below 0.7780 level. Later today, Non-Manufacturing PMI data is scheduled for a release.

More in this category: « Eurozone Retail Sales inclined by 0.3% US Non-Manufacturing PMI almost unchanged »

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