U.S. Adds 217,000 Private Sector Jobs
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The ADP National Employment Report showed that U.S. private sector employment rose by 217,000, exceeding expectations of a 180,000 rise. This is the thirteen consecutive months of employment gains.
The data showed that small businesses added 100,000 jobs, medium businesses added 104,000 jobs and larger businesses added 13,000 jobs.
The goods-producing sector added 15,000 jobs, while the service-producing sector added 202,000.
"Today's ADP National Employment Report shows another solid increase in U.S. private sector employment, with gains across all size businesses and in both the goods-producing and service-providing sectors," said Gary C. Butler, President and Chief Executive Officer of ADP. "Employment gains in the small-business sector have been positive for twelve consecutive months, an encouraging sign for the job market. ADP's key business metrics for its small-business segment through December 2010 also reflected a strengthening labor market, as well as robust demand for payroll and human resource services."
The ADP report has been inconsistent when compared to the government's Non-Farm Payroll number, which is due on Friday and is calling for job gains of 193,000.
The data showed that small businesses added 100,000 jobs, medium businesses added 104,000 jobs and larger businesses added 13,000 jobs.
The goods-producing sector added 15,000 jobs, while the service-producing sector added 202,000.
"Today's ADP National Employment Report shows another solid increase in U.S. private sector employment, with gains across all size businesses and in both the goods-producing and service-providing sectors," said Gary C. Butler, President and Chief Executive Officer of ADP. "Employment gains in the small-business sector have been positive for twelve consecutive months, an encouraging sign for the job market. ADP's key business metrics for its small-business segment through December 2010 also reflected a strengthening labor market, as well as robust demand for payroll and human resource services."
The ADP report has been inconsistent when compared to the government's Non-Farm Payroll number, which is due on Friday and is calling for job gains of 193,000.
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