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Although somewhat restrained by weather and related disruptions, U.S. employers continued to add workers during January. The uptick included hiring in sectors like hospitality, where employers had struggled to find enough employees. The positive trend gave more weight to forecasters who have said a recession is likely to be mild or nonexistent.
This comes to us from the monthly employment survey by ADP, which does an in-depth look each month at a particular week. ADP in a release explained that the week chosen for the reference week – the week of Jan. 12 – was lower than expected due to poor weather conditions across much of the U.S. ADP says the other three weeks of the month showed stronger hiring trends and were more representative of the economy's trajectory.
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