The non-farm private sector added 235,000 jobs in February, according to the ADP National Employment Report. This followed a 244,000 job increase in January.
Small businesses with fewer than 50 employees gained 68,000 jobs. Medium-sized businesses with 50-499 employees created 97,000, while large businesses added 70,000 jobs.
“The labor market continues to experience uninterrupted growth,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “We see persistent gains across most industries with leisure and hospitality and retail leading the way as consumer spending kicked up. At this pace of job growth employers will soon become hard-pressed to find qualified workers.”
Service-providing employment rose by 198,000 jobs, driven by the leisure and hospitality sector which added 50,000. The health services sector had a robust report, adding 38,000 jobs. Goods-producing employment grew by 37,000 jobs. The manufacturing industry gained 14,000, while the construction sector created 21,000 jobs.
Read the ADP report.
