Private nonfarm payrolls in January increased by 183,000 jobs, slightly better than figures in December, according to the monthly ADP national report released on Wednesday.

Employers added 183,000 jobs in January, more than expected, private payroll firm ADP said on Wednesday. The increases were concentrated in trade and transportation, with 56,000 jobs added, and in leisure and hospitality, where a gain of 54,000 positions was recorded. Manufacturing saw a drop of 13,000.

The numbers: U.S. businesses created a solid 183,000 new jobs in January, paycheck company ADP said, in a sign a cooling labor market still has plenty of mojo. Economists polled by the Wall Street Journal had forecast a gain of 150,000 new jobs in the ADP’s November survey.

Employment at US companies picked up in January by more than forecast, highlighting resilient job growth despite mounting uncertainty.

In January, the private sector added 183,000, above estimates of 150,000, according to ADP. To speak more on the fresh labor data, ADP chief economist Nela Richardson joins Wealth to explain that hiring momentum from 2024 carried into the start of 2025,

It was an upside surprise, 183,000 for ADP in terms of January payrolls last month, a revised up from 122 to 176, of course. We had a big increase in nonfarm payrolls last month. That wasn't expected either.

Private sector employment surged by 183,000 in January, exceeding economists' forecasts and signaling a strong labor market.