US private sector adds 234,000 jobs in January

The US private sector added more jobs than expected in January, signaling a robust start to the year in hiring, according to data released by the ADP Research Institute on Wednesday.

Published: 01st February 2018 08:21 AM  |   Last Updated: 01st February 2018 08:24 AM   |  A+A-

Workers spread asphalt on a street in the Cow Hollow neighborhood in San Francisco, California June 2, 2010. (Photo | Reuters)

By IANS

WASHINGTON: The US private sector added more jobs than expected in January, signaling a robust start to the year in hiring, according to data released by the ADP Research Institute on Wednesday.

Payrolls at non-farm private companies increased by 234,000 in January, beating market expectations. Small private-sector businesses added 58,000 jobs in January, medium-sized businesses added 91,000 and large businesses added 85,000, according to the report.

Read full report HERE.

The hiring in the first month of the new year bodes well for the remainder of 2018, Xinhua quoted Mark Zandi, chief economist of Moody's Analytics, as saying.

"Given the strong January job gain, 2018 is on track to be the eighth consecutive year in which the economy creates over 2 million jobs," he said. "If it falls short, it is likely because businesses can't find workers to fill all the open job positions."

The ADP National Employment Report is jointly developed with Moody's Analytics.

Stay up to date on all the latest World news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp