January ekes out 22K private jobs: Tech's 'great resignation' sequel now starring endless 'growth opportunities' in your spam folder

According to the ADP National Employment Report, the US private sector added 22,000 jobs in January, a modest increase that suggests a slowdown in labor market growth. The report, released by Automatic Data Processing, a leading provider of human capital management solutions, indicates that the services sector accounted for the majority of the job gains, with 15,000 new positions, while the goods-producing sector added 7,000 jobs. The numbers are based on ADP's analysis of payroll data from approximately 411,000 US businesses, representing nearly 24 million employees. The January figures are significantly lower than the 271,000 jobs added in December, and may indicate a deceleration in hiring activity. The ADP report is widely watched as a precursor to the US Bureau of Labor Statistics' monthly employment report, which is due to be released later this week. The slowdown in job growth may be attributed to various factors, including global economic uncertainty and trade tensions.