January Employment Fell 522K According to ADP National Employment Report

February 4, 2009 8:23 AM EST

According to today's ADP National Employment Report, private sector employment decreased by 522,000 in January.

ADP said, "January's ADP Report estimates nonfarm private employment in the service-providing sector fell by 279,000. Employment in the goods-producing sector declined 243,000, the twenty-fourth consecutive monthly decline. Employment in the manufacturing sector declined 160,000, its twenty-eighth decline over the last twenty-nine months."

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