ADP released its monthly national employment report today which showed a continued positive trend in job growth in the U.S. On the national front, 214,000 new nonfarm private sector jobs were created in the month of January. This positive growth, however, is a slight downtick from 241,000 jobs created in December, 2014 (however, keep in mind that many of those jobs were seasonal retail positions).
The same trend was shown on the small business front, with 78,000 jobs created in January as compared to 106,000 jobs created in December, 2014. Both months showed positive job growth, but again, seasonal jobs can account for December’s higher growth.
When analyzed by sector, ADP reports a 31,000 gain in the goods-producing sector, +18,000 in construction, +14,000 in manufacturing, and +183,000 in the service-providing sector.
The chart below shows the trend in the change in nonfarm private employment for the previous 12 months.
|Source: ADP, LLC & Moody's Analytics|
All data and information was provided by Automatic Data Processing, Inc. (ADP) and Macroeconomic Advisors, LLC. This information can be obtained at ADP National Employment Report.