Skip to comments.US private-sector job growth slows: ADP
Posted on 02/05/2014 11:19:43 AM PST by John W
The US economy added 175,000 private-sector jobs in January, fewer than in December, with severe winter weather taking its toll on job growth, payrolls firm ADP says.
The January number marked the second consecutive month of slowing job growth after November's surge to 289,000, the peak for 2013. ADP revised the December level lower to 227,000.
Last month's job growth came in slightly below analysts' consensus estimate of 178,000.
The January reading "is in line with the average monthly growth throughout 2013", said Carlos Rodriguez, president and chief executive of ADP.
As usual, most of the jobs - 160,000 - were added in the country's massive services sector. The goods-producing sector only gained 16,000 jobs, with nearly half of that in the construction industry.
Manufacturing lost 12,000 jobs, the first decline since July 2013.
(Excerpt) Read more at thebull.com.au ...
it was too cold or too snowy to go to work!
Well, putting Harry Reid’s “logic” to work... prospective employees simply decided they didn’t want to be burdened with employment, choosing instead to be “free agents” sucking from the government teat.
yeah, that’s it...blame the weather.
This was completely unexpected.
Cold weather in January???? Wow, that sure is weird and unexpected..
The economy ain’t looking too good.
I bet the MSM will eventually report on this and attribute it to “fear of Republican control of the Senate in 2015”.
dont’t know about you, but cut back to 29 hrs because I love me some helllll th care. Pelosi said 400k new jobs in the first week..... yeah.
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