Private-sector employment increased by 234,000 in January, on a seasonally adjusted basis, ADP estimated Wednesday.
In December, ADP says 242,000 jobs were added, compared to its previous estimate of 250,000.
Economists surveyed by IFR Markets projected a 180,000 job gain for January.
“Service providers were firing on all cylinders, posting their strongest gain in more than a year,” according to Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “We also saw robust hiring from midsize and large companies, while job growth in smaller firms slowed slightly.”
“The job market juggernaut marches on. Given the strong January job gain, 2018 is on track to be the eighth consecutive year in which the economy creates over 2 million jobs,” said Mark Zandi, chief economist of Moody’s Analytics. “If it falls short, it is likely because businesses can’t find workers to fill all the open job positions.”
