By Dow Jones Business News,
February 05, 2014, 08:46:00 AM EDT
By Kathleen Madigan
U.S. businesses in total added jobs at a modest pace last month, but factories laid off workers, according to a survey
of hiring released Wednesday.
Private-sector payrolls in the U.S. increased by 175,000 positions in January, said the national employment report
compiled by payroll processor Automatic Data Processing Inc. ( ADP ) and forecasting firm Moody's Analytics.
Economists surveyed by Dow Jones Newswires expected ADP to report a January increase of 189,000 jobs. The December ADP
employment increase was revised down to 227,000 from 238,000 reported a month ago.
"Cold and stormy winter weather continued to weigh on the job numbers. Underlying job growth, abstracting from the
weather, remains sturdy," the report said.
The ADP estimate is released ahead of the Bureau of Labor Statistics' employment situation report scheduled for
Economists expect the BLS report will show a job gain of 189,000 in January. Forecasters also expect January jobless
rate to slip to 6.6%, from December's 6.7%.
The ADP report suggests Friday's number will be close to the gain expected.
According to ADP, firms employing between 1-49 workers hired 75,000 new workers last month. Medium-sized businesses
with payrolls of 50-499 workers increased payrolls by 66,000 employees. Large firms, businesses with 500 or more
employees, hired just 34,000 more workers.
Service-sector payrolls increased by 160,000 slots last month, but the factory sector cut 12,000 positions.
Construction payrolls increased by 25,000 slots.
ADP, Roseland, N.J., offers payroll processing, human resource and benefit administration services to about 600,000
clients worldwide. Economics firm Moody's Analytics is a subsidiary of Moody's Corporation.
Write to Kathleen Madigan at email@example.com
Corrections & Amplifications
This item was corrected at 9:16 a.m. ET because it misstated the month in the sixth paragraph. Economists forecast the
January unemployment rate to slip to 6.6%, not the December rate.
(END) Dow Jones Newswires
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