Employers added 183,000 jobs in January, more than expected, private payroll firm ADP said on Wednesday. The increases were concentrated in trade and transportation, with 56,000 jobs added, and in leisure and hospitality, where a gain of 54,000 positions was recorded. Manufacturing saw a drop of 13,000.

Private nonfarm payrolls in January increased by 183,000 jobs, slightly better than figures in December, according to the monthly ADP national report released on Wednesday.

In January, the private sector added 183,000, above estimates of 150,000, according to ADP. To speak more on the fresh labor data, ADP chief economist Nela Richardson joins Wealth to explain that hiring momentum from 2024 carried into the start of 2025,