Finance Forex

U.S. added 213,000 private-sector jobs in January, ADP says

U.S. Added 213,000 Private Sector Jobs In January, ADP Says article is one based on that Finance, Forex groups, published by our scripter Erick Emerson on top of January 30, 2019, this blogpost can search over this tags 213000, added, ADP, January, jobs, privatesector. We all happy to happy you and providing that another chapter regarding finance moreover I am always publishing the blogpost daily.

Bloomberg News/Landov


Payroll processor ADP says 213,000 new jobs were created in January by the private sector.

The numbers: Companies in the U.S. added 213,000 jobs in January, ADP reported Wednesday, another strong reading that suggests little letdown in a steadily growing economy.

Wall Street economists had forecast an increase of 174,000.

ADP trimmed its original estimate of new jobs in December to 263,000 from 271,000.



What happened: Big companies added 66,000 new jobs in January, midsize firms filled 84,000 jobs and small businesses increased employment by 63,000.

Economists use the figures from ADP, the giant payroll processor, to get a sense of how many new jobs the government’s employment report is likely to show a few days later. These two reports sometimes vary significantly month to month, though they move in the same direction over time.

The U.S. probably added 174,000 new jobs in January, with the unemployment rate sticking to 3.9%, according to the MarketWatch forecast. The Labor Department’s report, which comes out Friday at 8:30 a.m. Eastern Time, includes government as well as private-sector workers.

Big picture: The economy is still chugging along even though growth has appeared to slow. The partial government shutdown acted as a bit of a drag and the first quarter tends to be weaker than other quarters owing to seasonal variations in the economy.

Read: Consumer confidence falls to 18-month low due to government shutdown

There is some worry the economy could get worse, especially with global growth slackening. The Federal Reserve has signaled it might wait until midyear to raise interest rates again in a sign of caution. Fed Chairman Jerome Powell will hold a news conference on Wednesday afternoon.

Read: Fed to stress patience and that means no interest-rate move until at least June

Market reaction: The Dow Jones Industrial Average














DJIA, +0.21%












and S&P 500














SPX, -0.15%












were set to open sharply higher in Wednesday trades as tech stocks advanced following Apple














AAPL, -1.04%












 earnings. Strong Boeing














BA, +0.53%












 results also added to the premarket gains.Meanwhile, the 10-year Treasury yield














TMUBMUSD10Y, +0.49%







You can leaf through another part finance immediately upon our related chapter or you probably want to go through immediately upon well-received blogpost, we always updating these finance chapter everyday for information also hint also ability in order to supporting our finance moreover living that financial freedom. These blogpost is published with Erick Emerson with this title U.S. Added 213,000 Private Sector Jobs In January, ADP Says.

Related posts of "U.S. added 213,000 private-sector jobs in January, ADP says"

A growing number of Americans have more credit-card debt than savings

The economy may be better, and unemployment may be lower. But that doesn’t mean American consumers are doing any better with their debts. That’s according to a new survey of 1,000 people from the personal-finance company Bankrate. It found that 29% of Americans have more credit-card debt than they do emergency savings. And the problem...

Less Jargon and More Clarity About Saving and Investing, Please

What do you think "rollover" means? Hint: It's not the same thing your dog thinks it means. It's almost as if the folks in the industry don't want people to save for retirement. The general public, according to a recent Empower Retirement survey, often misunderstands words -- jargon really -- that are commonly used by financial...

Alphabet’s investment-fueled earnings beat overshadowed by concerns about Google’s spending

Alphabet Inc. reported stronger-than-expected profits Monday, thanks to a mysterious investment gain, but shares fell in after-hours trading amid displeasure with a hefty jump in spending. Google’s parent company was partly boosted by a mysterious investment gain of $1.3 billion, that it only described as an “unrealized gain recognized in OI&E [other income and expenses]...

Elizabeth Warren decries ‘too little accountability for the rich’ as she kicks off presidential campaign

LAWRENCE, Mass. (AP) — Democratic Sen. Elizabeth Warren made her bid for the presidency official on Saturday in this working-class city, grounding her 2020 campaign in a populist call to fight economic inequality and build “an America that works for everyone.” Warren delivered a sharp call for change at her presidential kickoff, decrying a “middle-class...

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.