Payroll processor ADP said in its closely-watched jobs report that America’s private employers not only failed to add any jobs in January but payrolls actually dropped by over 300,000 that month, teeing up what could be a disappointing jobs report when official government statistics are released later in the week. Private-sector employment in the United States fell by 301,000 in January, according to payroll processor ADP’s latest report. “The labor market recovery took a step back at the start of 2022 due to the effect of the Omicron variant and its significant, though likely temporary, impact to job growth,” Nela Richardson, chief economist at ADP, said in a statement. “The majority of industry sectors experienced job loss, marking the most recent decline since December 2020. Leisure and hospitality saw the largest setback after substantial gains in fourth quarter 2021, while small businesses were hit hardest by losses, erasing most of …
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