Saturday, 21 Sep 2024

U.S. private job growth slows in February but January revised sharply higher: ADP

(Reuters) – U.S. companies hired 183,000 workers in February, falling short of analyst forecasts, while private-sector job growth in January was much stronger than previously thought, a report by payrolls processor ADP showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 189,000 jobs last month.

January’s private payrolls were revised up to an increase of 300,000 from the previously reported 213,000.

The report is jointly developed with Moody’s Analytics.

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