📉 Payroll Growth Stalls: January Jobs Miss Expectations
Private payrolls added just 22,000 jobs in January, far below the 45,000 forecast, signaling a cooling labor market despite steady wage growth.
- Sector winners:
- 🏥 Education & Health Services: +74,000
- 💰 Financial Activities: +14,000
- 🏗️ Construction: +9,000
- Sector losers:
- 🏭 Manufacturing: –8,000 (14th straight decline)
- 💼 Professional Services: –57,000
- 💻 Information: –5,000
- Firm size trends:
- 👥 Medium firms (50–499 employees): +41,000
- 🏢 Large firms: –18,000
- 🧑🔧 Small firms mixed: +30,000 (1–19 employees) but –30,000 (20–49 employees)
💵 Wages Hold Steady
- Job-stayers: +4.5% YoY
- Job-changers: +6.4% YoY
- Large firms leading wage growth at +5.0%
#JobsReport #ADPDataDisappoints #Write2Earn #TrumpProCrypto #GoldSilverRebound