Tuesday, January 21, 2014
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ADP Employment Rose by 198 000 in February
Private sector employment increased by 198k jobs in February according to ADPs National Employment Report. Gains in February continued to be driven primarily by the service sector, however the goods sector made gains as well. Februarys gain is slightly lower than Januarys gain of 215k jobs, revised upward from an initially reported 192k jobs. Januarys ADP report translated into a gain of 157k jobs as reported by the BLS.
Keeping with recent trends, the majority of job creation in February came from the service sector, which created 164k jobs, down from 184k in January.
The goods producing sector picked up steam in January, adding 34k jobs, up from 31k the previous month. Much of this gain was driven by improvements in the manufacturing sector, which added 9K jobs. The goods sector has now seen employment gains for five consecutive months.
Read the ADP release.
ADP Employment Rose by 198 000 in February
Keeping with recent trends, the majority of job creation in February came from the service sector, which created 164k jobs, down from 184k in January.
The goods producing sector picked up steam in January, adding 34k jobs, up from 31k the previous month. Much of this gain was driven by improvements in the manufacturing sector, which added 9K jobs. The goods sector has now seen employment gains for five consecutive months.
Read the ADP release.