The Traderszone Network

Published in TZ Latest News 4 March, 2015 by The TZ Newswire Staff

U.S. private sector adds jobs in February, but growth slows: ADP

U.S. private employers added fewer jobs than expected last month, declining as well from January’s revised figure as employment growth slowed in some sectors, a payrolls processor report showed on Wednesday. The ADP National Employment Report, jointly developed with Moody’s Analytics, showed a gain of 212,000 private-sector jobs. Economists surveyed by Reuters had forecast the ADP to show a gain of 220,000 jobs. For instance, service-providing employment rose by 181,000 jobs in February, compared with growth of 206,000 in the sector in January.