ADP Non-Farm Employment Change: US private payrolls increased by only 22,000 in January 2026, considerably less than the 46,000–48,000 predicted and the previous revised +37,000 (Dec 2025), pointing to a marked hiring slowdown. Health/education created 74,000 jobs, but manufacturing, professional services, and big businesses (more than 500 workers) shed employment, with year-over-year pay increase fixed at 4.5%. Amid tariff uncertainties and fiscal reductions, this shows 2025's slowdown—398k total jobs against 771k in 2024.
PMI for ISM services: At 53.8%, the ISM Services PMI for January 2026 maintained its level from December's high since October 2024, hence pointing toward ongoing growth over 50. While New Orders fell to 53.1% and Employment edged to 50.3% (scarcely increasing), Business Activity climbed to 57.4%, highest since Oct 2024. With all major subindexes growing for the first time since May 2022, respondents observed fiscal year increases cancelled by influenza season, weather, and trade concerns.
Released February 4, ADP's poor print pressured pre-NFP sentiment, indicating cooling labor during Fed watch for cuts, whereas ISM's stability lessened recession concerns in services (80% GDP). Projections for Feb ISM Services PMI sit at 53.5.


Gold Slips Below $4050 as Bond Yields Surge to 4.7% on Fed Inflation Concerns – Sell Rallies at $4060 Targeting $3940
SpaceX Earnings Preview: Bernstein Says 4 Key Factors Will Drive Long-Term Valuation
Meta-backed research finds exposure to ‘untrustworthy’ social media is rare. The fine print is less reassuring
Is Netanyahu’s star waning in Washington? His latest meeting with Trump suggests it may be
Ukraine’s drone strikes are having an impact on Russia — but Russian leaders remain committed to war
How an OpenAI safety test became a real-world cyberattack on the Hugging Face platform
3 clinical-grade skincare creams you really shouldn’t buy online 



