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ADP US National Employment Report: Private Sector Employment Increased by 63,000 Jobs in February; Annual Pay was Up 4.5%
Private sector employment increased by 63,000 jobs in February and pay was up 4.5 percent year-over-year according to the February ADP National Employment Report® produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure of the labor market based on the anonymized weekly payroll data of more than 26 million private-sector employees in the United States. ADP's Pay Insights captures over 15 million individual pay change observations each month. Together, the jobs report and pay insights use ADP's fine-grained data to ... (full story)
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Private companies added 63,000 jobs in February, January revised to just 11,000 additions, ADP says
Private sector hiring was a bit better than expected in February, though most of the job creation came from just two sectors, ADP reported Wednesday. Companies added a seasonally adjusted 63,000 workers during the month, an improvement from the downwardly revised 11,000 in January and better than the Dow Jones consensus estimate for 48,000, according to the payrolls processing firm’s latest update. Though the total beat expectations, the issue of breadth continued to be a problem for the labor market. Education and health services, an industry that has been the primary driver for job creation, added 58,000 jobs for ... (full story)
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