According to the ADP National Employment Report, private-sector employment increased 170,000 from December to January. This marks the 24th consecutive month of increases. The average for the last three months of gains has been 223,000 versus an average of 163,000 per month for all of 2011.
The ADP National Employment Report is a measure of nonfarm private employment, based on a subset of aggregated and anonymous payroll data that represents approximately 392,000 of ADP's 500,000 U.S. business clients and roughly 24 million employees working in all 19 of the major North American Industrial Classification (NAICS) private industrial sectors.
