U.S. Private Sector Lost Jobs in January on Omicron Hit -- ADP
02 Fevereiro 2022 - 11:02AM
Dow Jones News
By Xavier Fontdegloria
The private sector in the U.S. lost jobs in January for the
first time since December 2020 amid the spike in Covid-19 cases due
to the spread of the Omicron variant.
Private payrolls decreased by 301,000 jobs in January, the ADP
National Employment Report showed Wednesday, missing the 200,000
gain expected from economists polled by The Wall Street
Journal.
The number of private-sector jobs created in December was
revised to 776,000 from 807,000 initially estimated.
"The labor market recovery took a step back at the start of 2022
due to the effect of the Omicron variant and its significant,
though likely temporary, impact to job growth," said Nela
Richardson, chief economist at ADP.
Small businesses, with a maximum of 49 employees, were hit
hardest with a loss of 144,000 jobs. Large businesses, those of at
least 500 workers, lost 98,000 jobs; and jobs in medium-sized
businesses, between 50 and 499 employees, receded by 59,000.
By sector, services providers lost 274,000 jobs. "Leisure and
hospitality saw the largest setback after substantial gains in
fourth quarter 2021," Ms. Richardson said. Jobs in the
goods-producing sector were down by 27,000, the data showed.
The report, carried out by the ADP Research Institute along with
Moody's Analytics, is based on data through the 12th of the
month.
The U.S. Department of Labor is expected to release its
employment report for January, which covers the same period as the
ADP National Employment Report, on Friday. Economists polled by The
Wall Street Journal are expecting it to show nonfarm payrolls up by
150,000, and the unemployment rate stabilizing at 3.9%. The ADP
series can diverge considerably from the Labor Department's
data.
Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com
(END) Dow Jones Newswires
February 02, 2022 08:47 ET (13:47 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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