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US ADP jobs grew 475k in Feb, hiring remains robust but capped up labor supply

Started by PocketOption, Mar 03, 2022, 04:55 am

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PocketOption

US ADP jobs grew 475k in Feb, hiring remains robust but capped up labor supply

US ADP private employment grew 475k in February, above expectation of 320k. By company size, small businesses lost -96k jobs, medium added 18k while large businesses added 522k. By sector goods-producing jobs rose 57k and service-providing jobs rose 417k. “Hiring remains robust but capped by reduced labor supply post-pandemic. Last month large companies showed they […]


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