Mar 4 • Industry News
Economy Private companies added 63,000 jobs in February, January revised to just 11,000 additions, ADP says
Key Points
- Companies added 63,000 workers in February, an improvement from the downwardly revised 11,000 in January and better than the consensus estimate for 48,000.
- Most of the hiring came in just two sectors: health services and construction. Job growth in other sectors either was flat or lower.
- Pay grew 4.5% for those staying in their jobs while wage gains for job switchers moved down to 6.3%, the smallest gap since ADP began tracking the metric.
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Economy Private companies added 63,000 jobs in February, January revised to just 11,000 additions, ADP says
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