"ADP Report: Private Sector Job Growth Slows to 107,000 in January, Below Expectations"
TL;DR Summary
Private sector job growth in the US slowed sharply in January, with companies adding 107,000 jobs, falling short of the expected 145,000 gain. This unexpected slowdown may indicate a cooling labor market in response to higher interest rates set by the Federal Reserve, which has recently signaled a halt to rate hikes amid signs of moderating inflation and a slowing economy.
- Private sector job growth cools sharply in January to 107,000, worse than expected: ADP Fox Business
- Private payroll growth slowed to just 107,000 in January, below expectations, ADP reports CNBC
- ADP jobs report shows smallish 107000 private jobs created in January. Hiring slows sharply. MarketWatch
- ADP National Employment Report: Private Sector Employment Increased by 107,000 Jobs in January; Annual Pay was Up 5.2% PR Newswire
- ADP Jobs Report January 2024: US Private Payrolls Rose Less Than Forecast Bloomberg
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