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More Amazing Economic News - ADP payrolls exploded in January

By NoCoupForYou follow NoCoupForYou   2020 Feb 6, 12:02pm 128 views   0 comments   watch   nsfw   quote   share    


The jobs market kicked off 2020 in grand fashion, adding 291,000 in private payrolls for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics.

That was well above the 150,000 estimate from economists surveyed by Dow Jones and more evidence that the U.S. still is a good distance from full employment even with the jobless rate at its lowest point in more than 50 years. The total also was a sharp gain from the 199,000 in December, which was revised down 3,000 from the initial count.

Growth came across a swath of industries.

Leisure and hospitality led with 96,000 new jobs, but education and health services also contributed 70,000 and professional and business services added 49,000. On the goods-producing side, construction rose by 47,000, the best growth since the 62,000 added in January 2019, and manufacturing was up 10,000, the biggest monthly gain since last February.

https://www.cnbc.com/2020/02/05/adp-moodys-private-payrolls-january-2019.html
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