Private nonfarm payrolls in January increased by 183,000 jobs, slightly better than figures in December, according to the monthly ADP national report released on Wednesday.

In January, the private sector added 183,000, above estimates of 150,000, according to ADP. To speak more on the fresh labor data, ADP chief economist Nela Richardson joins Wealth to explain that hiring momentum from 2024 carried into the start of 2025,

Private sector employment surged by 183,000 in January, exceeding economists' forecasts and signaling a strong labor market.

Employment at US companies picked up in January by more than forecast, highlighting resilient job growth despite mounting uncertainty.