Private payrolls grow by 234,000 in January, vs 185,000 expected: ADP/Moody’s Analytics

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  • Source: CNBC
  • 04/09/2021
Private payrolls grow by 234,000 in January, vs 185,000 expected: ADP/Moody’s Analytics
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The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to a report Wednesday from ADP and Moody's Analytics.

Economists surveyed by Reuters had been looking for private payrolls to grow by 185,000.

Job creation was concentrated largely in service-related industries, which contributed 212,000 to the total.

Within that sector some of the better-paying industries showed solid gains: Trade, transportation and utilities led with 51,000, education and health services added 47,000 and professional and businesses services contributed 46,000. Leisure and hospitality services also grew by 46,000.
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