ADP: Private US Payrolls Post “Significant Growth” In January

In any case, Friday’s release deserves close attention for an update on the crucial one-year trend in private payrolls. For now, the healthy 2% annual pace is expected to hold steady in January for the government’s data, according to The Capital Spectator’s projection via the average forecast using nine models. The growth trend for payrolls is expected to ease in the months ahead, but unless the Labor Department’s numbers reveal otherwise on Friday the near-term outlook still looks encouraging.

 

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