Macroeconomics

Professional Businesses and Transportation pulled up job creation in U.S. for January 2015: ADP.

ADP 1

Professional Businesses and Trade, Utilities and Transportation pulled up job creation in United States for January 2015.
Employment level started 2015 with an increase of roughly 213,000 jobs compared to December 2014, ADP reported today January 4th 2015. January employment level growth usually shows a slower pace due to weather conditions. So far, winter in the United States has been mild with no major snow storms.

ADP 2
New employees went to work mostly for medium businesses, which added 95,000 jobs to the economy. Small businesses added roughly 78,000 whereas large businesses only 40,000. Thus, ADP statistics show a good path into 2015. “January marks another month of solid job gains and is in line with the NER’s twelve-month average of over 200,000 jobs added per month,” said Carlos Rodriguez, president and chief executive officer of ADP.

ADP 4
By industry, Trade, Transportation and Utilities led the hiring in during January with a total of 54,000 jobs added. Professional Businesses added a solid number of jobs rounding 42,000. Although at a slower pace, Manufacturing sector has been also adding jobs since September 2011. For January 2015 ADP estimates manufacturing added 14,000 jobs to the U.S. Economy. Construction, as expected, added 18,000.

ADP 5

ADP collects data from 411,000 companies for which it manages their payroll information. Those 411,000 companies comprise more than twenty percent of all total US private sector companies.

Leave a Reply