5 Feb 2014
US: Private sector adds 175,000 jobs in January - ADP
FXStreet (Córdoba) - US private-sector added 175,000 jobs in January, ADP reported Wednesday.
This increase missed analyst's expectations of around 180,000 and comes below the 238,000 added in December.
The ADP report is released ahead of the Government nonfarm payrolls report scheduled for Friday.
Mark Zandi, chief economist of Moody’s Analytics, said,"Cold and stormy winter weather continued to weigh on the job numbers. Underlying job growth, abstracting from the weather, remains sturdy. Gains are broad based across industries and company sizes, the biggest exception being manufacturing, which shed jobs, but that is not expected to continue.”
This increase missed analyst's expectations of around 180,000 and comes below the 238,000 added in December.
The ADP report is released ahead of the Government nonfarm payrolls report scheduled for Friday.
Mark Zandi, chief economist of Moody’s Analytics, said,"Cold and stormy winter weather continued to weigh on the job numbers. Underlying job growth, abstracting from the weather, remains sturdy. Gains are broad based across industries and company sizes, the biggest exception being manufacturing, which shed jobs, but that is not expected to continue.”