Private sector job growth fell in January to 107,000, worse than expected

US job openings rise in December to highest level in 3 months in three months. The number of available jobs in the U.S. rose more than expected in December. This is evidence that the labor market remains strong despite higher interest rates in the country's labor market.

Hiring by private U.S. companies cooled sharply in January to 107,000, worse than expected. ADP says labor market is beginning to soften as a result of higher interest rates. Labor market is slowing as a consequence of higher rates, according to ADP.

ADP: Hiring by private U.S. companies rose more than forecast in December than expected in December. ADP is a sign that the labor market remains resilient in the face of higher interest rates. The private sector job growth rises more than expected, ADP says.