Survey: Companies Add 175,000 Jobs In January
WASHINGTON (AP) -- A private survey shows that businesses added jobs at a steady but modest pace in January, a sign that hiring has rebounded after a disappointing figure in December.
Payroll processor ADP says companies added 175,000 jobs last month. That's down from 227,000 in December, which was revised lower. But it was much better than the government's official figure of just 74,000 new jobs in December.
The ADP numbers cover only private businesses and often diverge from the government's more comprehensive report. In December its figure came in much higher than the official count.