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US private-sector hiring slumped in January, adding just 22,000 jobs
The brief US government shutdown has delayed the official jobs report for January – with the data now set to land on February 11 instead of this coming Friday – but the first look at hiring activity in the private sector showed that employment gains sputtered to start the year. Payroll giant ADP reported Wednesday that employers in the private sector added just 22,000 jobs in January, about half the size of the 45,000-job gain economists were expecting. Job growth slowed further from December’s employment gains that were revised down to 37,000 from 41,000. January’s job gains were driven entirely by continued ... (full story)