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The number of jobs in the private sector in the United States in January grew better than expected


February, 03 2021
watermark Economic news

According to a press release from the analytical company Automatic Data Processing (ADP), the number of jobs in private companies in the United States in January increased by 174,000. Analysts predicted an increase in the indicator by only 49 thousand.


The December figure was revised down to a decrease of 78 thousand from a decrease of 123 thousand.


In the US small business, the number of jobs in January increased by 51 thousand, in medium-sized companies (with a staff of 50-499 people) – by 84 thousand, and large companies increased their staff by 39 thousand jobs.


In the service sector, the number of jobs increased by 156 thousand, in the production of goods – by 19 thousand. At the same time, the figure for private construction companies in the country in January increased by 18 thousand, in the manufacturing sector – by 1 thousand.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.