financetom
Economy
financetom
/
Economy
/
US private payrolls increase modestly in January, ADP says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US private payrolls increase modestly in January, ADP says
Mar 11, 2026 2:56 AM

WASHINGTON, Feb 4 (Reuters) - U.S. private payrolls increased less than expected in January, the ADP's national employment report showed on Wednesday.

Private employment rose by ‌22,000 jobs last month after a downwardly revised ​37,000 increase in December. Economists polled by ‍Reuters had forecast private employment ⁠advancing by ⁠48,000 jobs after a previously reported 41,000 gain in ‌December.

The ADP report is ​jointly developed with the Stanford Digital Economy Lab. It has been ⁠a poor predictor of ‍the ​Bureau of Labor Statistics' private payrolls estimate. The BLS' more comprehensive and closely ‍watched employment report for January, which was due for release on Friday, has been delayed by the partial shutdown of the federal government.

The three-day shutdown ended ​on ‍Tuesday. The labor market has largely been in what economists call a "low-hire, ​low-fire" state, blamed on import tariffs and the rise of artificial intelligence.

Federal Reserve Chair Jerome Powell said last week "labor market indicators suggest that conditions may be stabilizing after a period ​of gradual softening." The U.S. central bank left its benchmark overnight interest rate in the 3.50%-3.75% range.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Quest Diagnostics Q1 2026 Earnings Call: Complete Transcript
Quest Diagnostics Q1 2026 Earnings Call: Complete Transcript
Apr 21, 2026
Quest Diagnostics ( DGX ) released first-quarter financial results and hosted an earnings call on Tuesday. Read the complete transcript below. Benzinga APIs provide real-time access to earnings call transcripts and financial data. Visit https://www.benzinga.com/apis/ to learn more. The full earnings call is available at https://events.q4inc.com/attendee/349464731 Summary Quest Diagnostics ( DGX ) reported a strong Q1 2026 performance with a...
Trump's $1.5 trillion defense budget includes $750 billion for ships, jets and Golden Dome
Trump's $1.5 trillion defense budget includes $750 billion for ships, jets and Golden Dome
Apr 21, 2026
WASHINGTON, April 21 (Reuters) - The Pentagon on Tuesday unveiled more details of President Donald Trump's $1.5 trillion defense budget request for fiscal year 2027, by far the largest year-over-year increase in defense spending in the post-World War Two era. In a new wrinkle, the Pentagon has created a category it is calling presidential priorities, covering Golden Dome missile defense,...
Trump's $1.5 trillion defense budget includes $750 billion for ships, jets and Golden Dome
Trump's $1.5 trillion defense budget includes $750 billion for ships, jets and Golden Dome
Apr 21, 2026
WASHINGTON, April 21 (Reuters) - The Pentagon on Tuesday unveiled more details of President Donald Trump's $1.5 trillion defense budget request for fiscal year 2027, by far the largest year-over-year increase in defense spending in the post-World War Two era. In a new wrinkle, the Pentagon has created a category it is calling presidential priorities, covering Golden Dome missile defense,...
Trump says he would be disappointed if Warsh didn't cut rates quickly
Trump says he would be disappointed if Warsh didn't cut rates quickly
Apr 21, 2026
WASHINGTON, April 21 (Reuters) - U.S. President Donald Trump on Tuesday told CNBC that he would be disappointed if Kevin Warsh, his nominee for Fed chair, did not cut interest rates right away once he took office after being approved by the Senate. Trump also said we have to find out about the construction costs of the new Federal Reserve...
Copyright 2023-2026 - www.financetom.com All Rights Reserved