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US ADP Report: 212,000 Jobs Added by Private Sector

U.S. private employers added 212,000 jobs last month, lower than market expectations as well as January’s revised figure, a payrolls processor report showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report to show a gain of 220,000 jobs.

January’s private payrolls, meanwhile, were revised upward to 250,000 from the previously reported 213,000.

 
The report is jointly developed by ADP with Moody’s Analytics.

The ADP figures come ahead of the U.S. Labor Department’s more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment.

Economists polled by Reuters are looking for total U.S. employment to have grown by 240,000 jobs in February, down from 257,000 in January. The unemployment rate, on the other hand, is expected to have ticked lower to 5.6 percent from January’s 5.7 percent.

via Reuters [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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