192,000 Jobs Added To Payrolls This Month, Report Signals | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

192,000 Jobs Added To Payrolls This Month, Report Signals

After bad news about late 2012 — that the U.S. economy shrank a bit in the fourth quarter — there's modestly good news about early 2013:

Private employers added an estimated 192,000 jobs to their payrolls in January, according to the latest ADP National Employment Report. That would be above the estimated 185,000 jobs they added in December.

"Would be" are two key words in that sentence, by the way. ADP also said today that it has revised downward by 30,000 its estimate of job growth in December. It initially said employers added 215,000 jobs. So treat its January figure as a preliminary estimate.

We'll hear much more about the January employment picture on Friday when the Bureau of Labor Statistics is due to release its figures on the month's unemployment rate and payroll growth. Reuters says that economists expect BLS will say that public and private employers added 160,000 jobs in January and that the unemployment rate held steady at 7.8 percent. The BLS and ADP estimates on jobs are based on different surveys of employers, which partly explains why they do not quite match up — but do tend to agree on the general trend.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

What Kids' Drawings Say About Their Future Thinking Skills

There's a link between how children draw at age 4 and how well they perform on intelligence tests at age 14, researchers say.
NPR

Urban Farms Build Resilience Within Singapore's Fragile Food System

Tiny Singapore imports almost all of its food. From gardens on deserted car parks to vertical farms in the vanishing countryside, a movement is afoot to help boost its agricultural production.
WAMU 88.5

IRS Seizes Financial Records For Park Southern Apartment Buildings In D.C.

A troubled housing complex that is becoming an issue in D.C.'s upcoming mayoral election had its records seized by the IRS as part of an apparent federal investigation into its finances.

NPR

Ferguson Killing Inspires Young Black Activists

Activists around the country say Michael Brown's death and the police response has strengthened their resolve to fight injustice.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.