Analysis: The ADP employment report, dubbed the "mini-nonfarm payrolls," showed weaker-than-expected figures, indicating a continued slowdown in the US labor market.

PANews reported on February 4th that, according to Jinshi, U.S. companies added fewer jobs than expected in January, indicating a continued slowdown in the labor market at the beginning of the year. ADP research data released Wednesday showed that private sector employment increased by only 22,000 jobs in January, below market expectations, and the previous month's data was revised downwards. Due to the partial shutdown of the federal government, the official data from the U.S. Bureau of Labor Statistics was delayed, making ADP data likely the most complete reference for the January labor market this week. Despite some signs of stabilization in recent months, the lower-than-expected increase in private sector employment suggests that the labor market continued to cool in January. ADP data showed that education and healthcare services led hiring growth, while professional/business services saw the largest job decline since June of last year.