NEW YORK, Jan 30 (Reuters) - U.S. private employers added 192,000 jobs in January, more than economists were expecting, in a sign of growth in the labor market, a report by a payrolls processor showed on Wednesday.
Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 165,000 jobs. December's private payrolls were revised down to an increase of 185,000 from the previously reported 215,000.
OMER ESINER, ANALYST, COMMONWEALTH FOREIGN EXCHANGE, WASHINGTON:
'Certainly a better than expected reading of the jobs market by ADP. The data suggests that jobs growth is accelerating and bodes well for Friday's payrolls report. We will probably see a limited reaction from the dollar ahead of GDP and the Fed this afternoon.'
TODD SCHOENBERGER, MANAGING PARTNER AT LANDCOLT CAPITAL IN NEW YORK:
'Not a surprise at all, actually. This is a prelude to the optimistic reading we'll receive on Friday. We're post 'fiscal cliff' drama, so a lot of people who were waiting on the sidelines are hiring now. Wall Street should react well to this.'
FOREX: The dollar Briefly extended gains versus the yen
BONDS: U.S. treasuries declined, and the 10-year yield rose at 2.014 percent
GRAPHIC: ADP vs. the U.S. Labor Department: The ADP National Employment Index shows an increase of 192,000 private sector jobs in January - 27,000 more than analysts expect Friday's Labor Department report to show. http://link.reuters.com/fex44t
(Americas Economics and Markets Desk; +1-646 223-6300)
Keywords: USA ECONOMY/INSTANT
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