ADP National Employment Report: Private Sector Employment Increased by 213,000 Jobs in January
Source: Automatic Data Processing, ADP®
ADP National Employment Report: Private Sector Employment Increased by 213,000 Jobs in January
ROSELAND, N.J. – February 4, 2015 – Private sector employment increased by 213,000 jobs from December to January according to the January ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) 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.
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Goods-producing employment rose by 31,000 jobs in January, down from 47,000 jobs gained in December. The construction industry added 18,000 jobs, down from last month’s gain of 26,000. Meanwhile, manufacturing added 14,000 jobs in January, below December’s 23,000.
Service-providing employment rose by 183,000 jobs in January, down from 207,000 in December. The ADP National Employment Report indicates that professional/business services contributed 42,000 jobs in January, a large drop-off from December’s 72,000. Expansion in trade/transportation/utilities grew by 54,000, a sharp increase from December’s 40,000. The 11,000 new jobs added in financial activities is down from last month’s 14,000, but still well above the average of the past twelve months.
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Mark Zandi, chief economist of Moody’s Analytics, said, “Employment posted another solid gain in January, although the pace of growth is slower than in recent months. Businesses in the energy and supplying industries are already scaling back payrolls in reaction to the collapse in oil prices, while industries benefiting from the lower prices have been slower to increase their hiring. All indications are that the job market will continue to improve in 2015.”
Chart 1. Change in Nonfarm Private Employment
Chart 2. Historical Trend - Change in Total Nonfarm Private Employment
Read more: http://www.adpemploymentreport.com/2015/January/NER/NER-January-2015.aspx
Good morning, Freepers and DUers alike. I especially welcome our good friends from across the aisle. Please, everyone, put aside your differences long enough to digest the information. After that, you can engage in your usual donnybrook.
Every month, you can find something in the report that will cause you concern. Take the information in context. Consider not just this month’s data, but the trend. Let’s look at some earlier numbers:
Bureau of Labor Statistics, for employment in December 2014:
Payroll employment rises by 252,000 in December; unemployment rate declines to 5.6%
ADP® (Automatic Data Processing), for employment in December 2014 (hat tip, IDemo):
ADP Says Companies in U.S. Added 241,000 Workers in December
Bureau of Labor Statistics, for employment in November 2014:
Payroll employment increases by 321,000 in November; unemployment rate unchanged at 5.8%
ADP® (Automatic Data Processing), for employment in November 2014:
ADP National Employment Report Shows 208,000 Jobs Added in November
Bureau of Labor Statistics, for employment in October 2014:
Payroll employment increases by 214,000 in October; unemployment rate edges down to 5.8%
ADP® (Automatic Data Processing), for employment in October 2014:
ADP National Employment Report Shows 230,000 Jobs Added in October
Bureau of Labor Statistics, for employment in September 2014:
Payroll employment increases by 248,000 in September; unemployment rate declines to 5.9%
ADP® (Automatic Data Processing), for employment in September 2014:
ADP National Employment Report Shows 213,000 Jobs Added in September
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