Summary:
ADP reported January job gains exceeded expectations, with all growth coming from service providers, indicating a stable labor market.
Feb ADP
5/3/2025 (Wed)
Previous (Jan): 183k Forecast: 140k
Private sector companies added more jobs than expected in January, furthering the case for a stable labour market, ADP reported. But All of the job creation came from service providers
Companies created 183,000 jobs on the month, slightly more than the 176,000 in December, a number that was revised from the initial figure of 122,000. Again it differed significantly from what NFP reported later.
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