Trump Effect: Private Sector Employment Increased by 213,000 Jobs in January

CDN – http://www.conservativedailynews.com

By R. Mitchell -

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 the ADP Research Institute^® 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.

“The labor market has continued its pattern of strong growth with little sign of a slowdown in sight,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.  “We saw significant growth in nearly all industries, with manufacturing adding the most jobs in more than four years.  Midsized businesses continue to lead job creation, however the share of jobs was spread a bit more evenly across all company sizes this month.”

Mark Zandi, chief economist of Moody’s Analytics, said, “The job market weathered the government shutdown well. Despite the severe disruptions, businesses continued to add aggressively to their payrolls. As long as businesses hire strongly the economic expansion will continue on.”

The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 411,000 U.S. clients employing nearly 24 million workers in the U.S.  The December total of jobs added was revised down from 271,000 to 263,000.

January 2019 Report Highlights

Total U.S. Nonfarm Private Employment:      213,000

By Company Size:

– Small businesses:     63,000

• 1-19 employees     30,000
• 20-49 employees     32,000

– Medium businesses:     84,000

• 50-499 employees     84,000

– Large businesses:     66,000

• 500-999 employees     33,000
• 1,000+ employees     33,000

By Sector

– Goods-producing:      68,000

• Natural resources/mining     -1,000
• Construction     35,000
• Manufacturing     33,000

– Service-providing:     145,000

• Trade/transportation/utilities     13,000
• Information     4,000
• Financial activities     11,000
• Professional/business services     46,000
  • Professional/technical services     29,000
  • Management of companies/enterprises     1,000
  • Administrative/support services     16,000
• Education/health services     38,000
  • Health care/social assistance     37,000
  • Education     1,000
• Leisure/hospitality     31,000
• Other services     2,000

* Sum of components may not equal total, due to rounding.

– Franchise Employment**

• Franchise jobs     33,000

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