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Private companies added 174,000 jobs in January, vs 50,000 estimate, ADP says
Wednesday, February 3, 2021
Vancouver, BC, February 3, 2021--A month after reporting the first loss since April, the employment picture bounced back in January as companies added 174,000 new jobs, according to a report Wednesday from payroll processing firm ADP. The gain beat the 50,000 estimate from economists surveyed by Dow Jones and improved on the 78,000 December decline, a number that was revised from the initially reported drop of 123,000. "The labor market continues its slow recovery amid COVID-19 headwinds," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.
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