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#ADPJobsMissEstimates — U.S. Labor Data Shock (5 Feb 2026)
The latest ADP National Employment Report for January showed a significant miss compared to expectations, with U.S. private sector employers adding just 22,000 jobs — far below the 45,000 estimate from economists.
🔎 What the Numbers Say:
• Private payrolls rose only 22,000 in January, signaling a weak start to 2026.
• This marked a sharp deceleration from December’s revised gain of 41,000 and a noticeable slowdown from 2025’s totals.
• The muted hiring trend was broad-based, with some sectors adding jobs while others saw decline