The U.S. payroll service provider Automatic Data Processing (ADP) released the private employment report showing that the private-sector jobs added 170,000 in January, less than the economists’ average estimate of 200,000. While the initial value in December was revised sharply from the initial 325,000 to 292,000.
The employment creation of the small companies with less than 50 employees accounted for more than half of the total figure of the private sector employment, reaching 95,000, while the large companies with more than 500 employees only created 3000 jobs and the medium-sized companies created 72,000 new jobs.
The U.S. Labor Department will announce the January nonfarm payrolls, which are forecasted to reach 132,500 by economists on average. The unemployment rate is expected to rise to 8.6%.