Private payrolls rose by just 22,000 in January, far short of expectations, ADP says
Source: CNBC
Published Wed, Feb 4 2026 8:15 AM EST Updated 1 Min Ago
The U.S. labor market barely budged in January, with hiring below even muted expectations, according a report Wednesday from payrolls processing firm ADP.
Private companies added just 22,000 positions for the month and the number would have been negative had it not been for a surge of 74,000 hires in the education and health services category. The total was less than the downwardly revised 37,000 increase in December and below the Dow Jones consensus forecast for 45,000.
The report starts 2026 off on basically the same note where 2025 ended: A lackluster job market in a low-hire, low-fire environment that likely will do little to quell fears from Federal Reserve policymakers that more support may be needed.
Outside of the health care-related jobs, the primary driver behind employment growth last year, financial activities added 14,000 positions while construction rose by 9,000 and both the trade, transportation and utilities and the leisure and hospitality industries contributed 4,000. However, several sectors reported losses.
Read more: https://www.cnbc.com/2026/02/04/adp-jobs-report-january-2026.html
Since the government (BLS) is delaying this Friday's Unemployment report, the 3rd party ADP report (done monthly ahead of the government's) is about all we'll be getting as an indicator (and it only reports on the "private sector" jobs, not government, etc).
twodogsbarking
(17,887 posts)BumRushDaShow
(167,004 posts)since they cover a narrow category of job categories that are "non-government", i.e., those in the "private sector"
twodogsbarking
(17,887 posts)BumRushDaShow
(167,004 posts)in a couple weeks - https://www.bls.gov/jlt/
That might show the huge ICE recruitment stuff (and ignore all the deferred government retirements and continued layoffs).
rurallib
(64,605 posts)edhopper
(37,166 posts)Jobs, the Dollar, Interest Rates, all show a decline.
hibbing
(10,543 posts)I'm fortunate enough to have had a long working career with matching 401 and all that jazz. I am shocked at how much my account has gone up the last year. Some of the fuel seems to be the Ai stuff, but still strange.
Peace
edhopper
(37,166 posts)expect a big correction/crash
Consider moving money out of stocks and into fixed income.
You might miss some run up, but avoid a big decline.
Skittles
(170,160 posts)progree
(12,796 posts)From the source: https://adpemploymentreport.com/
Click on "Technical Notes" to expand it
Yes, they are seasonally adjusted. I don't have time to look right now if I've found their not-seasonally-adjusted numbers before, presumably would be a big loss for January. If I found them, it was probably at FRED.
As BRDS (and the link) says this is private sector payrolls, so government employees are not counted in this.
. . .
The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 26 million U.S. employees.
The other about 80% of the private sector workforce are estimated.
riversedge
(79,992 posts)Moostache
(11,094 posts)The fat-ass orange menace or your own rumbling stomach after you could not afford $12.99/lb beef?
NoMoreRepugs
(11,871 posts)From the Bureau of Labor statistics when I inquired on the Biden employment picture -
"16 million jobs created under the Biden-Harris administration. While job growth came in below expectations, with an average of 170,000 jobs added per month over the last three months, the American economy is still the envy of the world. ..."