SEARCH FINANCIAL SERVICES INFRASTRUCTURE SECURITY SCIENCE INTERVIEWS

 

     

ADP Sees Private Sector Employment Up 117,000 Jobs in February - Short of Expectations

March 3, 2021

Private sector employment increased by 117,000 jobs from January to February according to the February ADP National Employment Report. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

“The labor market continues to post a sluggish recovery across the board,” said Nela Richardson, chief economist, ADP. “We’re seeing large-sized companies increasingly feeling the effects of COVID-19, while job growth in the goods producing sector pauses. With the pandemic still in the driver’s seat, the service sector remains well below its pre-pandemic levels; however, this sector is one that will likely benefit the most over time with reopenings and increased consumer confidence.”

Wall Street was looking for 225,000 jobs.

 

Total U.S. Nonfarm Private Employment:                    117,000

By Company Size

  • Small businesses:                                             32,000
    • 1-19 employees                                      21,000
    • 20-49 employees                                    12,000
  • Medium businesses:                                         57,000
    • 50-499 employees                                   57,000
  • Large businesses:                                             28,000
    • 500-999 employees                                 33,000
    • 1,000+ employees                                   -5,000

By Sector

  • Goods-producing:                                            -14,000
    • Natural resources/mining                           3,000
    • Construction                                            -3,000
    • Manufacturing                                        -14,000
  • Service-providing:                                           131,000
    • Trade/transportation/utilities                     48,000
    • Information                                              -3,000
    • Financial activities                                           0
    • Professional/business services                 22,000
      • Professional/technical services    10,000
      • Management of 
        companies/enterprises                         0
  • Administrative/support services    12,000
  • Education/health services                        35,000
    • Health care/social assistance       32,000
    • Education                                     3,000
  • Leisure/hospitality                                   26,000
  • Other services                                          3,000

* Sum of components may not equal total, due to rounding.

  • Franchise Employment**
    • Franchise jobs                                          35,500

 

The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 460,000 U.S. clients employing nearly 26 million workers in the U.S. The January total of jobs added was revised from 174,000 to 195,000.

Terms of Use | Copyright © 2002 - 2021 CONSTITUENTWORKS SM  CORPORATION. All rights reserved. | Privacy Statement