2/2, 2:18 PM (Source: TeleTrader)
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US private payrolls down by 301,000 in January - ADP

Total nonfarm payroll employment in the United States declined by 301,000 in January, largely missing out on market expectations, Automatic Data Processing Inc. (ADP) revealed in its report released on Wednesday.

The biggest decrease of 144,000 was observed in small enterprises, followed by large businesses with 98,000 and the midsized ones with 59,000.

The sector affected the most was service-providing, which recorded a loss of 274,000 payrolls. It was followed by leisure and hospitality with 154,000, trade, transportation and utilities with 62,000, and goods-producing with 27,000.

Baha Breaking News (BBN) / JR