New York: US private payrolls surged 183,000 in January, much above the market forecast of 148,000, according to a report released Wednesday by ADP Research Institute. This followed an upwardly revised 176,000 hike in December.
According to Anadolu Agency, the report highlighted that the hiring momentum observed in the last quarter of 2024 carried into January, with some exceptions, including the manufacturing sector. The year 2025 began on a strong note for the job market, but this overall growth underscored a divide, as noted by Nela Richardson, the ADP chief economist.
Hiring was robust in consumer-focused industries, while business services and production sectors experienced slower job growth, she added. Trade, transportation, and utilities posted the highest gain by adding 56,000 jobs, followed by leisure and hospitality with an increase of 54,000.
The report further detailed that education and health services added 20,000 jobs, while the information sector saw an increase of 19,000 jobs, and professional and business services added 14,000 jobs. In contrast, the manufacturing sector faced job losses amounting to 13,000.