ADP Cools to 107K Private-Sector Jobs; BA, NVO Beat in Q4

January Jobs Week continues this morning, even as we’re only just closing out the month today. Private-sector payrolls reported by Automatic Data Processing (ADP) came in below estimates: 107K versus 150K expected, and beneath the previous month’s downwardly revised 158K. We’ve now spent a full six months sub-200K private-sector job gains per month. Typically, the breakdown was 30K new private-sector jobs in goods producing and 77K in services.Based on company size, small firms (fewer than 50 employees) gai ...