Key Events Around the Globe: Jan 08

US private sector sees modest job growth, falls short of expectations The ADP National Employment Report, a key indicator of non-farm private employment in the United States, has shown a modest increase in job numbers. The report, which is based on the payroll data of approximately 400,000 U.S. business clients, revealed an increase of 41,000 jobs in the recent period.

While the growth in employment is a positive sign for the economy, the figure falls short of the forecasted increase of 49,000 jobs. This discrepancy suggests that while the job market is expanding, it is doing so at a slower pace than economists had predicted.

US service sector activity picks up in December, employment rebounds

The US services sector activity unexpectedly picked up in December, suggesting the economy ended 2025 on a solid footing.

The Institute for Supply Management said that its nonmanufacturing purchasing managers index increased to 54.4 last month from 52.6 in November. Economists polled by Reuters had forecast the services PMI dipping to 52.3.

The services sector accounts for more than two-thirds of U.S. economic activity. The PMI suggested strong momentum in the economy heading into the new year, with even a measure of services employment rebounding to 52.0 after contracting for six straight months. The economy grew at its fastest pace in two years in the third quarter, fueled by robust consumer spending

Source: HSL Prime Daily, 08 Jan 2026

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