Companies in the U.S. added more workers in January than projected, indicating the labor market remains healthy, according to data released Wednesday from the ADP Research Institute.
Highlights of ADP Employment (January)
Private payrolls increased by 234k (185k est.) after a revised 242k increase in Dec.
Payrolls in goods-producing industries, which include builders and manufacturers, rose 22k; factory employment increased 12k.
Service providers added 212k workers to payrolls, the most since Nov. 2016.
The January ADP figure compares with the Bloomberg survey median for a 181,000 increase in private payrolls, when the government issues its monthly jobs report on Friday.