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According to the ADP National Employment Report for January, 20245, private sector employment increased by 183k jobs and annual pay was up 4.7% year-over-year. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 25 million U.S. employees.
“We had a strong start to 2025 but it masked a dichotomy in the labor market…Consumer facing industries drove hiring, while job growth was weaker in business services and production.” Said ADP chief economist Nela Richardson.
Click here to read the full report at ADP.
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