The US private sector added about 106,000 jobs only in January, according to figures issued moments ago by the ADP, after adding about 253,000 jobs in December’s revised reading, while expectations were for the addition of 176,000 jobs.
In the details, the commodity production sector lost about 3,000 jobs, after the construction sector lost about 24,000 jobs, and the manufacturing sector added 23,000 jobs, while the services sector, which includes the sectors of trade, transportation, utilities, activities, and information, added about 109,000 jobs.
The US dollar is trading on the decline after announcing the data by more than 0.25%, trading at 101.75 levels, amid anticipation for the US Federal Reserve meeting after hours.