By: Susan Harris
Feb 2, 2021
The private sector added 187,000 jobs in January, compared with a downwardly revised 247,000 jobs in December, a report by payrolls processor ADP Employer Services showed on Wednesday.
The ADP figures come ahead of the government’s more comprehensive January labor market report on Friday, which includes both public and private sector employment.
But ADP figures for December — both initial and revised — turned out to be much stronger than the government report showed, adding to doubts about the reliability of ADP as a predictor of payrolls.
Markets showed little reaction to the data, and some analysts said investors could be wary of ADP after December’s numbers.
“People are discounting it because of (December’s) shocker and a couple of days later, it proved to be wrong,” said John Canally, investment strategist at LPL Financial in Boston.
Here's a list of the most recent articles published today.
Add our Facebook page to receive updates and participate in new tools and features. It's a great way to stay connected with all the latest news.
Receive daily bite-sized updates by following us on Twitter. Receive Tweet-sized 140-character updates on your mobile phone device or PC.
Subscribe to our daily RSS feed to get the latest national news stories. We offer a feed for every topic including business, entertainment, health, politics, science & technology, travel and more.