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- U.S. private employers add 117,000 jobs in February - ADP
U.S. private employers add 117,000 jobs in February - ADP
The employment report prepared by Automatic Data Processing Inc. (ADP) and Moody's Analytics showed on Wednesday the U.S. private employers added 117,000 jobs in February.
Economists had expected an increase of 177,000.
The January
number saw an upward revision to 195,000 from the originally reported 174,000.
“The labor market continues to post a sluggish recovery across the board,” noted Nela Richardson, chief economist, ADP. “We’re seeing large-sized companies increasingly feeling the effects of COVID-19, while job growth in the goods producing sector pauses. With the pandemic still in the driver’s seat, the service sector remains well below its pre-pandemic levels; however, this sector is one that will likely benefit the most over time with reopenings and increased consumer confidence.”
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