U.S. adds 183,000 private-sector jobs in February, ADP says
Source: MarketWatch
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U.S. adds 183,000 private-sector jobs in February, ADP says
Published: Mar 4, 2020 8:40 a.m. ET
Zandi sees weaker job growth going forward
By GREG ROBB
SENIOR ECONOMICS REPORTER
The numbers: Private-sector employment slowed a bit in February, according to the ADP National Employment Report released Wednesday. The private sector added 183,000 in February, down slightly from 209,000 in the prior month. The February gain was higher than the 165,000 job gain expected by economists surveyed by Econoday.
What happened: Large businesses did well in February, adding 133,000 jobs. Small businesses added 24,000 jobs and medium-sized businesses added 26,000. ... According to data on 10 major industries tracked by ADP, education and health care had strong job gains, along with leisure and hospitality.
Big picture: It is still too soon to see any impact of the coronavirus impact on the data.
Economists expect a 170,000 rise in nonfarm payrolls in February, down from 225,000 in the prior month, according to a MarketWatch survey. The unemployment rate is expected to tick down to 3.5%.
Economists have become wary of using the ADP data to predict the governments employment data because there have been large deviations recently. For instance, the January ADP report showed that 291,000 jobs were added in the private sector, while the Labor Department showed 206,000.
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Read more: https://www.marketwatch.com/story/us-adds-183000-private-sector-jobs-in-february-adp-says-2020-03-04
mahatmakanejeeves
(56,886 posts)Private-sector employment increased by 183,000 from January to February, on a seasonally adjusted basis.
Total Employment
Change in Nonfarm Private Employment
Historical Trend
Change in Total Nonfarm Private Employment
Change By Company Size
Change in Total Nonfarm Private Employment by Company Size
mahatmakanejeeves
(56,886 posts)Good morning, all.
Friday, February 7, 2020: Links to earlier reports:
Thursday, January 9, 2020: Links to earlier reports:
Updated from this post of Friday, December 6, 2019: Good morning. Links to earlier reports:
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[center]Past Performance is Not a Guarantee of Future Results.[/center]
Nonetheless, what is important is not this month's results, but the trend. Lets look at some earlier numbers:
Bureau of Labor Statistics, for employment in January 2020:
The economy added 225,000 jobs in January, showing continued strength
ADP® (Automatic Data Processing), for employment in January 2020:
ADP says 291,000 private-sector jobs created in January, largest gain in 4 years
Bureau of Labor Statistics, for employment in December 2019:
Economy adds 145,000 jobs in December as unemployment rate remains at 3.5 percent
ADP® (Automatic Data Processing), for employment in December 2019:
U.S. private sector adds the most jobs in eight months
Bureau of Labor Statistics, for employment in November 2019:
Labor market remained strong in November as U.S. economy added 266,000 jobs
ADP® (Automatic Data Processing), for employment in November 2019:
U.S. private sector job growth slows down sharply in November: ADP
Bureau of Labor Statistics, for employment in October 2019:
U.S. economy added 128,000 jobs in October as GM strike displaced workers; jobless rate ticks up
Bureau of Labor Statistics, for employment in September 2019:
U.S. economy added just 136,000 jobs in September, in fresh sign economy is cooling
ADP® (Automatic Data Processing), for employment in September 2019:
ADP National Employment Report: Private Sector Employment Increased by 135,000 Jobs in September
Bureau of Labor Statistics, for employment in August 2019:
U.S. economy adds just 130,000 jobs in August amid worries
ADP® (Automatic Data Processing), for employment in August 2019:
Survey: Businesses added a solid 195,000 jobs in August
Bureau of Labor Statistics, for employment in July 2019:
U.S. Added 164,000 Jobs in July; Unemployment Rate at 3.7 Percent
ADP® (Automatic Data Processing), for employment in July 2019:
ADP says 156,000 private-sector jobs added created in July
Bureau of Labor Statistics, for employment in June 2019:
Hiring rebounds as U.S. economy adds 224,000 jobs in June;unemployment rate inched up to 3.7 percent
ADP® (Automatic Data Processing), for employment in June 2019:
U.S. private sector hiring picks up less than expected in June: ADP
Bureau of Labor Statistics, for employment in May 2019:
The U.S. economy added only 75,000 jobs in May amid bite from Trump's trade war
ADP® (Automatic Data Processing), for employment in May 2019:
ADP private-sector job growth tumbles to a 9-year low in May
Bureau of Labor Statistics, for employment in April 2019:
UPDATE: U.S. unemployment fell to 3.6 percent, lowest since 1969
ADP® (Automatic Data Processing), for employment in April 2019:
ADP National Employment Report: Private Sector Employment Increased by 275,000 Jobs in April
Bureau of Labor Statistics, for employment in March 2019:
UPDATE: U.S. added 196,000 jobs in March as economy shows signs of spring bounce
ADP® (Automatic Data Processing), for employment in March 2019:
Private sector hiring falls to 18-month low, and manufacturing sheds jobs, ADP says
Bureau of Labor Statistics, for employment in February 2019:
U.S. adds meager 20,000 jobs in February to mark smallest increase in 17 months
ADP® (Automatic Data Processing), for employment in February 2019:
ADP National Employment Report: Private Sector Employment Increased by 183,000 Jobs in February
Bureau of Labor Statistics, for employment in January 2019:
U.S. creates 304,000 jobs in January, unemployment rises to 4%
ADP® (Automatic Data Processing), for employment in January 2019:
U.S. added 213,000 private-sector jobs in January, ADP says
CaptYossarian
(6,448 posts)What will the numbers look like when "COVID-45" decimates the travel/hospitality industry later this year? As those employees drop off, that will create an avalanche in other service jobs.
Unless the medical & mortuary positions can compensate (because of Trump/Pence's inaction), we're headed off a 2008-09 type cliff in time for November.
Wuddles440
(1,098 posts)Love it and perfect for the pestilence occupying our White House! The Secret Service should adopt it as their new code name for him.
CaptYossarian
(6,448 posts)No material was stolen from anyone. It was a nice coincidence. They took quite a while to draw it.
If I use someone else's joke, I acknowledge them if I remember who it was.
Bengus81
(6,907 posts)So chew on this POS report Trump. Oh...and he always said to add 6% to those FAKE Obama unemployment numbers.
maddogesq
(1,245 posts)ADP got January so wrong? 82,000 less jobs than previously reported, or about 29 percent, is a huge revision.
Makes sense that economists rely more heavily on the BLS report.
gab13by13
(20,862 posts)It seems that jobs are always higher every month than economic experts predict. Once again they are 20,000 jobs higher.
hamsterjill
(15,214 posts)Like in the payroll company? Surely Im missing something here.
mahatmakanejeeves
(56,886 posts)About the Report
The ADP National Employment Report® is published monthly by the ADP Research Institute® in close collaboration with Moody's Analytics. The ADP National Employment Report provides a monthly snapshot of U.S. nonfarm private sector Employment based on actual transactional payroll data.
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For media inquiries about the ADP National Employment Report, please contact Joanna DiNizio at (973) 369-8167 or email Joanna.DiNizio@adp.com.