ADP Jobs Report: +192K

The big jobs report is this Friday. The last few initial claims reports have been quite good. Another positive omen was today’s jobs report from ADP, the private payroll firm. According to ADP, 192,000 private sectors jobs were created last month. Wall Street had been expecting 175,000.

Small businesses led the way, hiring 115,000 workers. Medium-sized businesses added 79,000 jobs, while large firms cut 2,000 positions.

“That’s a good solid number,” said Mark Zandi, chief economist for Moody’s Analytics, which works with ADP on the report. “The job growth is broad-based, across may industries.”

Most jobs were created in the service sector, which added 177,000 positions. The goods producing sector added 15,000. Bright spots included construction, trade, and professional services. The manufacturing sector lost 3,000 jobs.

Posted by on January 30th, 2013 at 2:39 pm

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