ADP: U.S. Private-Sector Payrolls Rise 63,000 in February; Annual Pay Up 4.5%
Private-sector employment in the United States grew by 63,000 jobs in February, according to the ADP National Employment Report produced by ADP Research with the Stanford Digital Economy Lab.
ADP said annual pay in the private sector was up 4.5% year‑over‑year in February.
The firm also reported that new job postings reached their highest level since last July.
It's a monthly report from ADP Research (in partnership with the Stanford Digital Economy Lab) that estimates private‑sector employment changes and related labor measures.
No. The ADP report is an independent estimate of private‑sector jobs and may differ from the official government payroll numbers.
It means average pay in the private sector was 4.5% higher in February compared with the same month a year earlier.
Rising new job postings suggest employers are actively recruiting, which can be a sign of demand for workers and potential future hiring.
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