U.S. Private Sector Adds 235,000 Jobs in February
07 Março 2018 - 11:01AM
Dow Jones News
By Austen Hufford
Hiring at private U.S. employers grew more than expected in
February, according to a report.
Firms across the country added 235,000 workers in February,
according to payroll processor Automatic Data Processing Inc. and
forecasting firm Moody's Analytics.
Economists surveyed by The Wall Street Journal had expected the
addition of 200,000 jobs.
"The labor market continues to experience uninterrupted growth,"
said Ahu Yildirmaz, vice president and co-head of ADP Research
Institute, in the report.
The January figure was revised up to 244,000 from 234,000.
The ADP report is based on private-payroll data in addition to
government data.
Still, the report raised concerns over employee shortages given
the low unemployment rate.
"The job market is red hot and threatens to overheat," said Mark
Zandi, chief economist of Moody's Analytics. "With government
spending increases and tax cuts, growth is set to accelerate."
Growth came from across economic sectors, with leisure and
hospitality, health care and trade and transportation driving
results. Still, natural resources and mining added only 2,000 jobs
and the information sector posted a 1,000 job decline.
The ADP report comes ahead of the monthly jobs report from the
U.S. Bureau of Labor Statistics on Friday. Economists expect
nonfarm jobs to rise by 205,000 for February, compared with 200,000
the prior month.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
March 07, 2018 08:46 ET (13:46 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Automatic Data Processing (NASDAQ:ADP)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Automatic Data Processing (NASDAQ:ADP)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024