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U.S. Adds 235,000 Private Sector Jobs in February: ADP

Published 03/07/2018, 08:15 AM
Updated 03/07/2018, 08:15 AM
© Reuters. U.S. adds 235,000 private sector jobs in February: ADP

Investing.com - U.S. private employers added 235,000 jobs in February, well above economists' expectations, a report by a payrolls processor ADP showed on Wednesday.

Economists had expected the ADP nonfarm payrolls report to show a gain of 195,000 jobs.

Private sector jobs increased by an upwardly revised 244,000 in January.

The ADP figures come ahead of the Labor Department's more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment.

Economists are expecting the U.S. economy to have added 200,000 jobs after adding 200,000 positions in January, while the unemployment rate is forecast to tick down to 4.0%.

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