U.S. private sector employment rises more than expected in January

Market news

30 January 2013

U.S. private sector employment rises more than expected in January

Private sector employment in the U.S. increased by more than anticipated in the month of January, according to a report released by payroll processor Automatic Data Processing, Inc. (ADP) on Wednesday.

The report showed that private sector employment increased by 192,000 jobs in January compared to economist estimates for an increase of about 172,000 jobs.

However, ADP also said that the job growth in December was downwardly revised to show an increase of 185,000 jobs compared to the addition of 215,000 jobs that was originally reported.

US Stocks open: Dow 13,935.99 -18.43 -0.13%, Nasdaq 3,158.02 +4.36 +0.14%, S&P 1,507.52 -0.32 -0.02%

Before the bell: S&P futures -0.23%, Nasdaq futures -0.17%

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