Weather Blamed For Sharp Drop In US Private Sector Hiring

Private employers in the US added far fewer jobs than expected in January, bolstering the case for a slower pace of rate hikes from the Fed. Or at least that was the narrative markets were likely to favor. US firms added just 106,000 jobs last month, ADP said Wednesday. The range of estimates from nearly three-dozen economists was 120,000 to 210,000. So, the actual print came in well below the lowest guess. Ostensibly, that suggested the most tepid pace of private sector hiring in two years, b

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2 thoughts on “Weather Blamed For Sharp Drop In US Private Sector Hiring

  1. It’s odd that hiring missed low and job openings missed high. We’re now looking at over 11M unfilled open positions. Are those openings actually real or just fishing expeditions?

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