#ADPJobsMissEstimates January 2026 ADP National Employment Report: +22K (Private Payrolls)
Market Expectation: +45K | Previous (Revised): +???K
What Happened?
The latest ADP jobs data for January 2026 has come in well below market forecasts, signaling a continued cooling of the US labor market. This follows a multi-year trend of slowing job creation.
📈 Sector Breakdown: A Story of Two Halves
The report reveals a sharp divergence in sector performance:
· Education & Health Services was the sole major driver, adding a significant 74,000 jobs.
· Professional & Business Services and Manufactu