Private sector employment in the United States increased by 183,000 jobs in January, according to the ADP National Employment Report. This figure is an increase from the 176,000 jobs added in December, indicating a pick-up in hiring pace at the start of the year.
The report also noted an upward revision to December's total, suggesting better-than-estimated momentum at the close of the previous year. However, strength in consumer-facing industries like hospitality masked some underlying weakness in other sectors.
Manufacturing jobs decreased by 13,000 during January, while pay growth for job-stayers remained stable. For job-changers, the average increase in pay accelerated, reflecting varied dynamics within the labor market.
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