US private sector adds more jobs than expected in January
By Michele Maatouk
Date: Wednesday 05 Feb 2025
(Sharecast News) - Private sector employment in the US rose more than expected in January, according to data released on Wednesday by ADP.
Employment increased by 183,000 from December, versus expectations for a 150,000 jump. The total number of jobs gained for December was revised from 122,000 to 176,000.
Small businesses with fewer than 50 employees added 39,000, while medium businesses with between 50 and 499 employees added 90,000.
Large businesses with more than 500 employees created an additional 69,000 jobs.
The service sector added 190,000 jobs, while the goods-producing sector saw a 6,000 decline.
The figures also showed that year-over-year pay growth for job-stayers was 4.7%, while pay growth for job-changers was 6.8%.
Nela Richardson, chief economist at ADP, said: "We had a strong start to 2025 but it masked a dichotomy in the labour market.
"Consumer-facing industries drove hiring, while job growth was weaker in business services and production."
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