Key points from breaking CNBC report:
Companies added 107,000 workers in the first month of 2024, off from the downwardly revised 158,000 in December, ADP reported Wednesday.
Leisure and hospitality reported the biggest increase, with an addition of 28,000 workers, while trade, transportation and utilities added 23,000, and construction rose by 22,000.
The release comes two days ahead of the Labor Department’s nonfarm payrolls report, which is expected to show growth of 185,000.