Private sector employment increased by 117,000 jobs from January to February according to the February ADP® National Employment ReportTM. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. {tables} "The labor market continues to post a sluggish recovery across the board," said Nela Richardson, chief economist, ADP. "We're ... (full story)

Private payroll growth disappointed in February despite otherwise encouraging signs of economic growth, according to a report Wednesday from ADP. Companies added just 117,000 positions for the month, well below the 225,000 forecast from economists surveyed by Dow Jones. The total also represented a sharp decline from the upward revised 195,000 jobs in January. The weak ADP reading comes despite solid projections for economic growth in the first quarter. According to the Atlanta Federal Reserve’s GDPNow tracker, the U.S. is on track for a 10% gain to start 2021. “The labor market continues to post a sluggish recovery ... (full story)