The US private sector eliminated 301,000 jobs in January, according to a seasonally adjusted survey released this Wednesday, 2, by the ADP. The result frustrated the expectations of analysts consulted by the The Wall Street Journal, which predicted the generation of 200 thousand jobs in the last month. This is the first job cuts since December 2020. ADP also revised its December job creation estimate downward from 807,000 to 776,000. The ADP survey is considered a preview of the US employment report (“payroll”), which includes public sector data and will be released on Friday (4).
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