ADP announced that the U.S. private sector added 175,000 jobs in January. The data shows mid-size companies adding the most jobs.
Since the official end of the Great Recession the ADP data shows the private sector has added 7,418,000 jobs.
The number of jobs added by company size category follows.
1 to 19 employees
- 1,477,000 jobs added.
- 19.9% of total jobs added.
- 25.9% of private sector jobs.
- 5.2% growth since the end of the recession.
(See chart below for jobs added since the end of the recession).
20 to 49 employees
- 1,191,000 jobs added.
- 16.1% of total jobs added.
- 15.9% of private sector jobs.
- 7.0% growth since the end of the recession.
50 to 499 employees
- 2,674,000 jobs added.
- 36.0% of total jobs added.
- 35.6% of private sector jobs.
- 7.0% growth since the end of the recession.
500 to 999 employees
- 474,000 jobs added.
- 6.4% of total jobs added.
- 6.9% of private sector jobs.
- 6.4% growth since the end of the recession.
1,000+ employees
- 1,602,000 jobs added.
- 21.6% of total jobs added.
- 15.8% of private sector jobs.
- 9.7% growth since the end of the recession.
Jobs have been added across all size categories. The data show the following:
- Well-established large companies (1,000+ workers) have added jobs at the fastest rate, 9.7%.
- The 50 to 499 category has added the highest percentage of jobs 36.0%.
- The 50 to 499 category is the largest category, 35.6% of private sector jobs.
- The 50 to 499 category has added the greatest number of jobs, almost 2.7 million.
The most encouraging news is the recent increase in the growth of smaller companies.
©Copyright 2011 by CBER.