From ADP: ADP National Employment Report: Private Sector Employment Increased by 183,000 Jobs in January; Annual Pay was Up 4.7%
“We had a strong start to 2025 but it masked a dichotomy in the labor market,” said Nela Richardson, chief economist, ADP. “Consumer-facing industries drove hiring, while job growth was weaker in business services and production.”This was above the consensus forecast of 150,000. The BLS report will be released Friday, and the consensus is for 170,000 non-farm payroll jobs added in January.
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