U.S. Jan. ADP employment up 187,000
U.S. Jan. ADP employment up 187,000 (by Ruth Mantell)
WASHINGTON (MarketWatch) -- Private-sector employment rose 187,000 in January, according to Automatic Data Processing Inc.'s employment report released Wednesday. Employment in the service-producing sector rose 166,000, while employment in the goods-producing sector rose 21,000. For December, ADP reported that private payrolls gained 247,000, compared with a prior estimate of 297,000. On Friday, the government will report on January's nonfarm payrolls, which also include government workers, and economists polled by MarketWatch are looking for a gain of 140,000, and for the unemployment rate to rise to 9.5%. For December, the government reported that nonfarm payrolls gained 103,000, while the unemployment rate fell to 9.4%.