ADP Report: Job Growth Fell Short in January; Wage Growth Slowed

Industry and Sector Analysis

The goods-producing sector contributed 30,000 jobs, with construction (22,000 jobs) leading the growth. Manufacturing and natural resources/mining added a modest 2,000 and 6,000 jobs, respectively. The service-providing sector saw a higher increase, adding 77,000 jobs, with leisure/hospitality (28,000 jobs) and trade/transportation/utilities (23,000 jobs) being significant contributors. However, the information sector experienced a decline, losing 9,000 jobs.

Regional Job Distribution

Job growth was uneven across U.S. regions. The South led with 57,000 new jobs, followed by the Northeast with 32,000 and the Midwest with 24,000. The West showed minimal change, adding only 2,000 jobs. This regional disparity highlights the varied economic recovery and growth rates across the country.