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US Private Sector Employment Continues To Improve

Employment in the US private sector rose more than expected in January, posting a gain for the fourth consecutive month. Private sector employment increased by 187,000 from December to January, ADP Employment Report said on Wednesday. Markets had expected the US private sector employment to rise by 150,000 in January. However, a significant part of employment growth in January came from the services sector, where jobs grew at 166,000, recording an increase for twelve months in a row. Manufacturing sector posted a gain of 19,000 jobs. Small businesses accounted for more than half of private-sector employment growth in January, adding 97,000 jobs.