×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: adp | businesses | jobs | labor market

Survey: US Businesses Add 246,000 Jobs, Most in 7 Months

Survey: US Businesses Add 246,000 Jobs, Most in 7 Months

(iStock)

Wednesday, 01 February 2017 08:38 AM EST

U.S. companies ramped up hiring in January, adding the most new workers since June, according to a private survey.

Payroll provider ADP said Wednesday that businesses added 246,000 jobs last month, up from 151,000 in December. The hiring was widespread, with the construction, manufacturing, health care and shipping industries all adding jobs at a solid pace.

The figures suggest that job gains have accelerated in the wake of the election. With the unemployment rate already low, at 4.7 percent, employers may be forced to offer higher pay to attract workers, which may create broader income growth.

The ADP data cover only private businesses and often diverge from official figures. Economists forecast that the government's jobs report, due Friday, will show a gain of 175,000, according to data provider FactSet.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Economy
U.S. companies ramped up hiring in January, adding the most new workers since June, according to a private survey.
adp, businesses, jobs, labor market
129
2017-38-01
Wednesday, 01 February 2017 08:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved