Job Growth Slows in January with 107,000 Jobs Added, Missing Expectations
- ADP report shows 107,000 private jobs added in January, fewer than expected 150,000
- Hiring has slowed sharply since the fall
- Businesses still adding workers but at a slower pace
- Job gains mostly in leisure/hospitality, construction, transportation; losses in information sector
- Worker pay growth slowing but still up 5.2% year-over-year
