ADP: Private Employment Decreased 301,000 in January — Bill McBride

This was well below the consensus forecast of 208,000 for this report.

The BLS report will be released Friday, and the consensus is for 155 thousand non-farm payroll jobs added in January. The ADP report has not been very useful in predicting the BLS report, but this suggests weakness in the January BLS report....

Calculated Risk
ADP: Private Employment Decreased 301,000 in January
Bill McBride