ADP: February private payrolls rise 63,000, led by health services and construction
TL;DR
Private employers added 63,000 jobs in February per ADP, topping the downwardly revised 11,000 in January and beating expectations. Hiring was concentrated in education and health services (58,000) and construction (19,000), with most other sectors flat. Wages rose 4.5% for stayers and 6.3% for job switchers, the smallest gap since ADP began tracking the metric. Job gains were strongest at smaller firms, and breadth remained limited ahead of Friday’s Bureau of Labor Statistics payrolls release.
- Private companies added 63,000 jobs in February, January revised to just 11,000 additions, ADP says CNBC
- ADP: Private employers added 63,000 jobs in February, the best monthly showing since July Yahoo Finance
- ADP National Employment Report: Private Sector Employment Increased by 63,000 Jobs in February; Annual Pay was Up 4.5% PR Newswire
- Private sector added 63,000 jobs in February, above expectations, ADP says Fox Business
- ADP says businesses add 63,000 jobs in February. Hiring picks up, but labor market is still sluggish. MarketWatch
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