Wednesday, March 5, 2014

ADP Employment Adds 139,000 Jobs in February

Employment in the nonfarm private sector increased by 139,000 jobs in February according to the National Employment Report published by ADP. February’s growth is faster than January’s, but well below 2013’s fourth quarter average of 211,000 jobs created per month. January’s report included downward revisions to the previous two months, lowering growth previously reported by a combined 84,000 jobs. ADP has not tracked especially close to the BLS’s payroll estimates in recent months.

Job gains continue to be centered in the service sector, which added 120,000 jobs in February, up from 116,000 in January. Goods producing employment rose from January, with 19,000 new goods producing jobs in February. Manufacturing added a mere 1,000 jobs, but reversed a decline from the month prior.

Read the ADP release.

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