Nonfarm payrolls declined in January

ADP's nonfarm payroll data is out, and it's not pretty:

Nonfarm private employment decreased 522,000 from December 2008 to January 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®. The estimated change of employment from November to December 2008 was revised up by 34,000, from a decline of 693,000 to a decline of 659,000.

The decline was slightly better than expected, but still grim.