ADP Reports Private Sector Employment Gains and Increased Compensation in January
According to the January ADP® National Employment Report™ released today (2-1-23), nonfarm private sector employment increased by 106,000 jobs in January, and annual pay was up 7.3% year-over-year. The ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Stanford Digital Economy Lab (“Stanford Lab”).
The jobs report and pay insights use ADP’s fine-grained, anonymized, and aggregated payroll data of over 25 million US employees to provide a representative picture of the labor market. The report details the current month’s total private employment change, and weekly job data from the previous month. ADP’s pay measure captures the earnings of a cohort of almost 10 million employees over a 12-month period.
Adding additional background and her analysis to the January report, Dr. Nela Richardson, ADP’s chief economist, said:
“In January, we saw the impact of weather-related disruptions on employment during our reference week. Hiring was stronger during other weeks of the month, in line with the strength we saw late last year.”
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