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US companies added far fewer jobs than forecast in February, ADP says

Hiring jobless December

Summary List Placement

Employment in the US private sector grew last month as falling COVID-19 case counts and continued vaccination lifted economic activity.

Private payrolls rose by 117,000 in February, according to ADP’s monthly employment report. The median estimate from economists surveyed by Bloomberg was an increase of 200,000 payrolls. The reading marks a second straight monthly gain after a revised 195,000 jump in January.

Payroll growth has steadily improved after unexpectedly declining in December. Soaring COVID-19 cases and strict economic lockdowns through the winter halted the labor market’s recovery, but an improving backdrop opens the door for details ⇒

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