Staffing Industry Analysts (01/31/2024)
Employment in the US private sector rose by 107,000 jobs in January, according to the ADP National Employment Report released. However, CNBC reported the figure is lower than the downwardly revised 158,000 in December 2023 and falls below the Dow Jones estimate for 150,000, indicating a potential slowdown in the US labor market for the year.
ADP noted that the hiring slowdown observed in 2023 continued into January.
This article originally appeared on staffingindustry.com. Use this link to see the full article: PRIVATE-SECTOR JOB GROWTH SLOWS IN JANUARY: ADP