Pasadena, CA (PRWEB) February 01, 2013
U.S. private employers added 192,000 jobs in January, according to the ADP National Employment Report released Wednesday. In the latest signal of an expanding labor market, the report mirrored employment data on Hound.com.
ADP released its monthly jobs report, with private-sector employers adding 192,000 jobs from December to January. Employment was higher than the figures originally forecast by analysts. Small businesses (1-49 employees) had the most job gains, with 115,000 jobs added in January. Medium businesses (50-499 employees) had the second biggest growth, adding 79,000 jobs to the U.S. economy. Only large businesses faced contraction in January, with a loss of 2,000 jobs.
All in all, the report showed momentum in the labor market going into the new year. Private employment has created an average of 183,000 jobs in the past three months, according to the ADP’s jobs data. The sectors that experienced the greatest employment growth in January were the professional/business services and the trade/transportation/utilities sector.
One highlight of the ADP report was the fact that small businesses generated most of the jobs gains in January. Politicians have long touted small businesses as the engine behind job creation, and current budget negotiations in Congress have included tax cuts and better loan and financing options for small businesses.
The positive jobs outlook has been reflected in hiring data on Hound.com, a leading job site. By far, the most job gains have been in the health sector, where 383,291 openings in health care were posted as of the end of January. Other areas where employment growth has been strong include sales, information technology, and retail jobs. The fact that hiring has been steady on Hound points to an improving economy. As business picks up, companies can begin addressing long-term growth and recruitment efforts. This is in contrast to the height of the economic downturn, when the job market was slow and most businesses were simply focused on surviving from month to month.
“The labor market has really turned a corner,” said Harrison Barnes, CEO of Hound.com. “As the ADP figures show, employment gains have been steady towards the tail-end of 2012, and it’s great to see some momentum going into 2013.”
Hound.com is a job search site based in Pasadena, CA. It is a part of the Employment Research Institute and owned by A. Harrison Barnes.