US private sector adds 213,000 workers in January: ADP
[WASHINGTON] US private employers added 213,000 jobs in January, falling short of the median forecasts of analysts, a payrolls processor report showed on Wednesday.
Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 225,000 jobs.
December's private payrolls were revised up to 253,000 from the previously reported 241,000.
The report is jointly developed with Moody's Analytics.
The ADP figures come ahead of the US Labour Department's more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment.
Economists polled by Reuters are looking for total US employment to have grown by 234,000 jobs in January, down from 252,000 in December. The unemployment rate is seen unchanged at 5.6 per cent.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US sanctions firms in China, UAE for support of Russia’s war
Japan suspects companies are evading disclosure of cross-shareholdings
Germany hit hard as foreign investment falls in Europe: EY survey
South Korea’s April inflation at 2.9% y/y, lower than expected
US mulls first green-bond sales to tap a US$2.6 trillion market
US factory activity shrinks with price gauge highest since 2022