Private Job Survey Shows Strong Job Hiring
From The Curious Capitalist
January 30, 2013 - 10:33am
WASHINGTON — A private survey shows U.S. businesses increased hiring in January compared with a revised December reading. Payroll processor ADP said Wednesday that employers added 192,000 jobs in January. That is more than December’s revised number of 185,000, which had initially been reported at 215,000. The ADP report is derived from actual payroll data and tracks total nonfarm private employment each month. The increase in hiring occurred after Congress and the Obama administration reached an agreement on Jan. 1 to avoid sharp tax increases and across-the-board government spending cuts. (MORE: U.S. Economy Shrinks 0.1%, First Time in 3 1/2 Years) The ADP report showed that most of the gains came from small businesses with 49 or fewer employers. This group of firms added 115,000 jobs in January. Medium businesses, those with 50 to 499 employees, added 79,000 jobs during the mon...
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