The private sector added 192,000 jobs in January, slightly higher than expected, according to the latest report from payroll processing firm ADP.
Analysts were expecting the private sector to add 175,000 jobs in the month, according to Briefing.com.
Small businesses led the way, hiring 115,000 workers. Medium-sized businesses added 79,000 jobs, while large firms actually cut 2,000 positions.
The ADP report is closely monitored since it comes before the government's monthly reports on payrolls and unemployment. The Labor Department will release those figures Friday morning. Economists are expecting 180,000 jobs were added and that the unemployment rate dipped slightly to 7.7%.
Economists say the economy needs to create at least 150,000 jobs a month just to keep pace with population growth. Job growth has been near those levels for the past six months.
Last week, the number of people filing for unemployment claims fell for the second week in a row, and is now hovering near a five-year low.
But the ADP numbers were released just before the U.S. government reported a surprise contraction in the economy for the fourth quarter of 2012. That news could raise more concerns about the health of the labor market.
freedom tower eric church world trade center quick silver where have you been rihanna kirk cousins mothers day
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.