ADP reports 63,000 private-sector jobs added in February; January revised down to 11,000
The Facts
- ADP reported that private-sector employment increased by 63,000 jobs in February.
- ADP revised January private payroll growth down to 11,000 jobs (from a previously reported 22,000).
- The February ADP job gain was higher than economists’ expectations (reported as about 48,000 in some surveys and 50,000 in others).
- Education and health services was the largest contributor to February job growth, adding 58,000 jobs.
- Construction added 19,000 jobs in February, according to ADP’s sector breakdown.
- Manufacturing employment declined by 5,000 jobs in February in the ADP report.
- ADP reported year-over-year pay growth of 4.5% for workers who stayed in their jobs.
- Multiple reports said February’s hiring gains were concentrated in only a few sectors rather than being broad-based.
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Context
Which sectors accounted for most of the February job gains in the ADP report?
Education and health services added 58,000 jobs and construction added 19,000, making them the biggest contributors cited across coverage of the ADP release. CNBC Reuters
What happened to January’s ADP job estimate?
ADP revised January private payroll growth down to 11,000 jobs from an earlier estimate of 22,000. UPI Reuters
How does the ADP report relate to the government’s monthly jobs report?
ADP’s release is a private-sector payroll estimate and is published ahead of the federal government’s official jobs report from the Bureau of Labor Statistics, which covers the full economy and is based on separate surveys. WSJ Reuters
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Independent coverage (42)
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