US: Private sector employment rises by 106K in January vs. 178K expected – by eren_fxstreet Employment UnitedStates Macroeconomics EconomicIndicator
ading followed December's growth of 253,000 and missed the market expectation for an increase of 178,000 by a wide margin.
Regarding wage inflation, "pay growth for job stayers held at 7.3% for the second month, with most industries little changed," ADP said in its publication. "One outlier was the information sector, where pay growth decelerated from 7% to 6.6%. For job changers, pay growth accelerated to 15.4 percent."came under renewed bearish pressure after the disappointing data and was last seen losing 0.32% on the day at 101.75.
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