USA ADP Employment Change February 2018

Private businesses in the United States hired 235 thousand workers in February 2018, compared with an upwardly revised 244 thousand in January and way above market expectations of 195 thousand. The service-providing sector added 198 thousand jobs, boosted by leisure and hospitality (50 thousand); professional and business (46 thousand); trade, transportation and utilities sector (44 thousand); education and health (43 thousand); financial activities (9 thousand); and other services (7 thousand). On the other hand, the information sector lost 1 thousand jobs.

The goods-producing sector added 37 thousand jobs supported by construction (21 thousand), manufacturing (14 thousand) and natural resources and mining (2 thousand). Midsized companies were the ones hiring the most workers (97 thousand), followed by large (70 thousand) and small (68 thousand). ADP Employment Change in the United States averaged 69.29 Thousand from 2001 until 2018, reaching an all time high of 384 Thousand in February of 2006 and a record low of -836 Thousand in February of 2009.

Source | Trading Economics