Employment in the U.S. private sector saw continued growth in the month of January, according to a report released by payroll processor Automatic Data Processing, Inc. (ADP) on Wednesday, although the pace of job growth saw a notable slowdown compared to December.
ADP said employment in the non-farm private business sector rose by 170,000 jobs in January following a revised increase of 292,000 jobs in December. Economists had expected employment to increase by about 172,000 jobs compared to the addition of 325,000 jobs originally reported for the previous month.
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