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ADP National Employment Report Increased by 475,000 jobs in February 2022
Private sector employment increased by 475,000 jobs from January to February according to the February ADP® National Employment ReportTM. The January total of jobs added was revised from -301,000 to 509,000.
“Hiring remains robust but capped by reduced labor supply post-pandemic. Last month large companies showed they are well-poised to compete with higher wages and benefit offerings, and posted the strongest reading since the early days of the pandemic recovery,” said Nela Richardson, chief economist, ADP. “Small companies lost ground as they continue to stuggle to keep pace with the wages and benefits needed to attract a limited pool of qualified workers.”
Posted: March 2, 2022 Wednesday 08:15 AM