ADP's private payroll report show jobs soared in January, the best monthly gain in nearly 5 years
291k vs. 150k expected (and vs. 190k in Dec)
Growth came across a swath of industries. Leisure and hospitality led with 96,000 new jobs, but education and health services also contributed 70,000 and professional and business services added 49,000. On the goods-producing side, construction rose by 47,000, the best growth since the 62,000 added in January 2019, and manufacturing was up 10,000, the biggest monthly gain since last February.
Private payrolls soar in January, the best monthly gain in nearly 5 years