- ORIGINAL NEWS
Private payrolls rose by 140,000 in February, less than expected, ADP reports
- SUMMARY
Private companies added jobs at a moderate pace of 140,000 in February, below the expected 150,000 but still higher than January.
The leisure and hospitality sector led the growth with 41,000 new jobs, followed by construction and trade/transportation/utilities.
The payrolls firm ADP’s report suggests that the job market remains strong but slightly less than expected.
ADP’s job estimate precedes the highly anticipated nonfarm payrolls data from the Labor Department on Friday, which is expected to show a higher job growth.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
“Companies added 140,000 positions for the month, an increase from the upwardly revised 111,000 in January…”
“Private companies added 140,000 positions for the month, an increase from the upwardly revised 111,000 in January but a bit below the Dow Jones estimate for 150,000, ADP reported.”
Negative
“Private sector job growth improved during February though growth was slightly less than expected, payrolls processing firm ADP reported Wednesday.”
“…but a bit below the Dow Jones estimate for 150,000.”