ADP: Feb Private-Sector Jobs Up 216K, As Expected
07 Março 2012 - 10:57AM
Dow Jones News
Private-business hiring in February was solid, according to a
report released Wednesday. As has been the case in recent months,
the gain was fueled by small-business hiring.
Private-sector jobs in the U.S. increased 216,000 last month,
according to a national employment report published by payroll
giant Automatic Data Processing Inc. (ADP) and consultancy
Macroeconomic Advisers.
The gain was close to expectations of 215,000 put forth by
economists surveyed by Dow Jones Newswires.
The January data were revised to show a gain of 173,000 instead
of the 170,000 increase reported earlier. ADP also announced
revisions to the 2011 job numbers to reflect new seasonal factors
and regressional estimates to put the ADP data closer in line with
the Labor Department's payroll series.
The ADP survey tallies only private-sector jobs, while the
Bureau of Labor Statistics' nonfarm payroll data, to be released
Friday, include government workers.
Economists surveyed by Dow Jones Newswires expect total nonfarm
payrolls rose by a solid 213,000 slots in February.
The ADP measure is unlikely to cause economists to alter their
payrolls forecast.
The February unemployment rate is expected to remain at
8.3%.
The latest ADP report showed large businesses with 500 employees
or more added 20,000 employees to their staffs in January, while
medium-size businesses added 88,000 workers and small businesses
that employ fewer than 50 workers hired 108,000 new workers.
Service-sector jobs increased by 170,000 last month, and factory
jobs increased 21,000.
ADP, of Roseland, N.J., says it processes payments of one in six
U.S. workers. Macroeconomic Advisers, based in St. Louis, is an
economic-consulting firm.
On Tuesday, TrimTabs Investment Research said only 149,000 new
jobs were created in February. TrimTab uses data on withholding tax
collections to estimate payrolls.
-By Kathleen Madigan, Dow Jones Newswires; 212-416-2466;
kathleen.madigan@dowjones.com
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