ADP: U.S. gained 192,000 jobs in January


Source: ADP

Buried by this morning's unexpected GDP figures was the release of the payroll processing firm ADP's latest estimates of private sector job growth. Those estimates were generally positive. The report found that 192,000 private sector jobs were gained in January, though the December numbers were revised down to 185,000 from 215,000. That's not great — we'd still need another 8 years and 10 months to get back to pre-recession employment — but it's a better pace than we had for much of last year.

Given that ADP is a better predictor of final unemployment numbers than the official BLS job numbers — albeit one with higher variance — that's cause for optimism. Then again, because ADP focuses on private firms this won't catch the contraction in federal defense spending that appears to be at the root of this month's lousy GDP numbers. In any case, it's a reminder that the private sector appears to be recovering even as the government holds the overall economic recovery back.

business

wonkblog

Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Comments
Show Comments
Most Read Business

business

wonkblog

Success! Check your inbox for details.

See all newsletters

Next Story
Sarah Kliff · January 30, 2013

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.