US ADP employment dropped -301k in Jan due to Omicron

<p>US ADP private employment dropped -301k in January, much worse than expectation of 270k growth. By company size, small businesses lost -144k jobs, medium business lost -59k, large business lost -98k. By sector, goods-producing jobs dropped -27k, services-providing jobs dropped -274k. “The labor market recovery took a step back at the start of 2022 due […]</p>
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