#ADPJobsMissEstimates In the United States, private sector employment in January 2026 came in significantly weaker than anticipated. According to the ADP National Employment Report, private companies added only 22,000 new jobs during the month. This figure fell well short of economists' consensus forecast of around 45,000 (with some estimates as high as 48,000), signaling ongoing softness in hiring activity.
The report also included a downward revision to December 2025 data, which was adjusted from an initial 41,000 to 37,000 added jobs. This revision reinforces the broader trend of decelerat