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Wednesday, February 2, 2011

ADP reports 187,000 new jobs in January

Though December was revised downward, January was above forecasts.
The unemployment hole that the shrub 'economy' created is going to take years to fill, but growth is growth.
Private employers added 187,000 jobs in January compared with a revised gain of 247,000 jobs in December, a report by a payrolls processor showed Wednesday.

The December figure was originally reported as a gain of 297,000 jobs.

The median of estimates from 29 economists surveyed by Reuters for the ADP Employer Services report, jointly developed with Macroeconomic Advisers, was for a rise of 145,000 private-sector jobs in January.

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