Private payrolls grow by 234,000 in January, vs 185,000 expected: ADP/Moody’s Analytics
Private companies hired 234,000 jobs in January, well above expectations for 185,000, according to ADP and Moody’s Analytics.
Service-related industries led with 212,000 new jobs; manufacturing added 12,000 and construction 9,000.
The report often differs significantly from the government’s more closely watched nonfarm payrolls count, with ADP reporting growth of 242,000 in December vs. the Labor Department’s 148,000.
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