01.02.202312:25:00UTC+00U.S. Private Sector Employment Increases Less Than Expected In January

Private sector job growth slowed by more than expected in the month of January, according to a report released by payroll processor ADP on Wednesday.

ADP said private sector employment climbed by 106,000 jobs in January after surging by an upwardly revised 253,000 jobs in December.

Economists had expected private sector employment to increase by 178,000 jobs compared to the addition of 235,000 jobs originally reported for the previous month.

"In January, we saw the impact of weather-related disruptions on employment during our reference week," said ADP chief economist Nela Richardson. "Hiring was stronger during other weeks of the month, in line with the strength we saw late last year."