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U.S Private Sector Added 174,000 Jobs in January

February 3, 2021 by Forex Winner Leave a Comment

U.S Private Sector Added 174,000 Jobs in January

Private sector employment rose by 174,000 jobs in January from December, according to the ADP National Employment press release. The employment growth reflected a slow recovery in the job market amid COVID-19 headwinds. 

U.S Private Sector Added 174,000 Jobs in January
  • By Company Size
    • Medium businesses added the most jobs at 84,000
    • Small businesses added 51,000 jobs.
    • Large businesses added the fewest jobs at 39,000
  • By Sector
    • The service-providing sector added the most jobs at 156,000
    • The goods-producing sector added 19,000 jobs.
    • Franchise employment added 10,700 jobs.

U.S stocks and the dollar are currently gaining. SPY is up 0.31% on premarket, QQQ is up 0.65% on premarket, EURUSD is down 0.23%.

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