U.S. Economic News

February 3, 2021

U.S. Economic Indicators

The ADP Employment Report shows that private-sector employment increased by 174,000 jobs in December, above consensus estimates. The services sector gained 156,000 jobs, while the goods-producing sector gained 19,000 jobs. ADP Report

The ISM Services Index rose 1.0 point to 58.7 in January, the eighth straight month of growth for the services sector and a slight acceleration compared to December. The New Orders Index increased 3.2 points to 61.8, while the Employment Index increased 6.5 points to 55.2. ISM Report