Private payrolls unexpectedly declined in January as the Omicron variant’s spread contributed to a marked weakening in the labor market at the beginning of the year.
U.S. private sector employment fell by 301,000 in January, ADP said in its closely watched monthly report on Wednesday. That represented the first drop in payrolls since December 2020, and came after 776,000 payrolls were added back in December, based on ADP’s revised monthly print. Consensus economists had anticipated that about…
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