Private Sector Added More Jobs Than Expected in January Private employers added 47,000 more jobs than expected in January, ADP (ADP) announced Wednesday, for a monthly total of 187,000. That marks the fourth straight month of significant gains -- a trend that suggests the U.S. job market is recovering.

Economists surveyed by Bloomberg had predicted private employers would add 140,000 jobs in January, after adding a revised 247,000 jobs in December, down 50,000 from the initially released figure of 297,000. Previous ADP reports showed that private employers added 92,000 jobs in November and 79,000 in October.

"This month's ADP National Employment Report suggests solid growth of private non-farm payroll employment heading into the new year," ADP said in a statement. "The recent pattern of rising employment gains since the middle of last year appears to be intact, as the average gain over December and January (217,000) is well above the average gain over the prior six months (52,000). Strength was evident within all major industries and across all size business tracked."

The gains were concentrated in small and midsize businesses and in the services sector. Small businesses added 97,000 jobs and midsize companies added 79,000. Large businesses added just 11,000.

Broken down by sectors, services had the majority of gains, adding 166,000 jobs for its 12th straight monthly increase. Goods producers added 21,000, manufacturing 19,000, and financial services 3,000. Construction lost 1,000 jobs.

Separately, private placement firm Challenger, Gray & Christmas said planned layoff announcements by U.S. employers in January totaled 38,519, up 20% from December, but the figure was still the lowest for a January since at least 1993, reported Wednesday. In comparison, from 1993 to 2010, the average January job cut total has been 104,560.

January's ADP National Employment Report shows that employers are significantly more confident about adding employees now than they were this time last year. And even though ADP's private survey isn't as comprehensive as the Labor Department nonfarm jobs report -- which will be released Friday -- its findings bode well for at least a modest decline in the nation's 9.4% unemployment rate in the quarters ahead.

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More people are working for Caterpillar, Boeing, John Deere,all three automakers. At Google, IBM, a lot of different engineering firms. At banks around the country (not just on Wall St. though there's lots of new high-paying jobs there too). For companies drilling for gas in Western Pennsylvania, mining copper in AZ and gold in NV. People can pretend the economy isn't recovering, or that the only jobs are flipping burgers and with temp agencies. For a lot of people, that's all they're qualified to do. But there are many more high-paying jobs out there now than there were a year ago. Stick your head in the sand or up your... if you want. The rest of us will enjoy the ongoing and accelerating economic recovery regardless of your whining.

February 02 2011 at 4:22 PM Report abuse -1 rate up rate down Reply


February 02 2011 at 3:40 PM Report abuse +3 rate up rate down Reply
2 replies to darkhrse4011's comment

u got a problem

February 02 2011 at 4:41 PM Report abuse -1 rate up rate down Reply

Not as big of a problem as poor phasejump who is still trying to master 4th grade ciphering skills.

February 03 2011 at 9:22 AM Report abuse +1 rate up rate down Reply

Job numbers for any particular month usually come out about a month
later. We are only 2 days into Feb and January job numbers are out
already. Wonder if people break away from Amer Idol long enough to
question the numbers bombardment.

February 02 2011 at 3:25 PM Report abuse rate up rate down Reply

The recession is over! America has been lead out by Taco Bell and KFC. And don't forget to load up your 401K with that $8 bucks and hour.

February 02 2011 at 1:47 PM Report abuse +4 rate up rate down Reply

Part time work with no benefits means you are gainfully employed according to the government. If my numbers at work were off as much as these economists, you can bet it would be the unemployment line for me!

February 02 2011 at 12:05 PM Report abuse +6 rate up rate down Reply