U.S. January ADP Report Highlights Sector Employment Trends

The U.S. January ADP employment report reveals significant sector-specific job trends. According to Jin10, healthcare-related positions continue to be a major source of employment support. Additionally, the financial activities sector added 14,000 jobs, construction saw an increase of 9,000 positions, while trade, transportation, utilities, and leisure and hospitality each gained 4,000 jobs. However, several industries experienced notable declines: professional and business services lost 57,000 jobs, other services decreased by 13,000 positions, and manufacturing saw a reduction of 8,000 jobs. In terms of company size, medium-sized enterprises, with 50 to 499 employees, contributed all the new jobs. Employment in small businesses remained stable, whereas large companies experienced a net decrease of 18,000 positions. Wage growth remained steady, with employees staying in their current roles seeing a year-over-year salary increase of 4.5%, consistent with December's figures.