ADP National Employment Report – January 2026

Hiring Slows, Wages Hold: The Labor Market Shift You Can’t Ignore

According to the ADP National Employment Report for January, 2025,private sector employment decreased by 22k jobs and pay was up 4.5% year-over-year. ADP says it was a lackluster month for hiring, with health care being the standout, adding 74k,jobs. In addition, they say manufacturing has lost jobs every month since March 2024. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 25 million U.S. employees.

“Job creation took a step back in 2025, with private employers adding 398,000 jobs, down from 771,000 in 2024. While we’ve seen a continuous and dramatic slowdown in job creation for the past three years, wage growth has remained stable.” Said ADP chief economist Dr. Nela Richardson.