February Reports 298,000 Private Sector Job Gains
US added 298,000 jobs in February, according to the ADP national employment report. This is a huge jump from what economists estimated would be a gain of 190,000.
ADP and Moody’s analytics reported that job growth leaders were the mining, manufacturing and construction industries. Ahu Yildirmaz of the ADP Research Institute stated, “February proved to be an incredibly strong month for employment with increases we have not seen in years.”
BLS reports showed gains by large businesses of 72,000 jobs, 122,000 jobs by midsize businesses and small businesses added 104,000 jobs.
For the full ADP report, click here