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ADP National Employment Report increased by 183,000 jobs in February
Private sector employment increased by 183,000 jobs from January to February according to the February ADP National Employment Report®.
“The labor market remains firm, as private-sector payrolls continued to expand in February,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Job creation remained heavily concentrated in large companies, which continue to be the strongest performer.”
Mark Zandi, chief economist of Moody’s Analytics, said, “COVID-19 will need to break through the job market firewall if it is to do significant damage to the economy. The firewall has some cracks, but judging by the February employment gain it should be strong enough to weather most scenarios.”
Posted: March 4, 2020 Wednesday 08:15 AM