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ADP Says US Private sector Added 139,000 Payrolls in February

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ADP Says US Private sector Added 139,000 Payrolls in February

Job growth in the US private sector remained subdued in February, as bad winter weather continued to weigh down hiring.

Private payrolls last month rose at a seasonally adjusted pace of 139,000, following a revised January gain of 127,000, the ADP Institute reported today. The figure, which was well below the 12-month average, came in below forecasts, which called for 160,000.

Like in January, job growth last month was mainly concentrated in the service economy. Service providers added 120,000 payrolls in February, following a gain of 116,000 the previous month. Employment in professional and business services increased by 33,000, while trade, transportation and utilities gained 31,000, ADP data showed.

Goods-producers added 19,000 payrolls in February, up from a downwardly-revised figure of 12,000 the previous month. Among goods-producers, job creation was concentrated mainly in the construction sector, which added 14,000 payrolls. The manufacturing sector added just 1,000 jobs after employment in that sector declined by 7,000 the previous month.

Job creation was led by small businesses, which added 59,000 payrolls last month. Medium-sized enterprises added 35,000 and large businesses 44,000.

“February was another soft month for the job market,” wrote Moody’s Analytics chief economist Mark Zandi in a press release. “Employment was weak across a number of industries. Bad winter weather, especially in mid-month, weighed on payrolls. Job growth is expected to improve with warmer temperatures.”

The Labor Department is scheduled to release official nonfarm payroll data Friday. The government estimates, which have diverged significantly from the ADP figures in recent months, could show the US economy added 150,000 payrolls in February, according to forecasts.

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