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Wed Mar 4, 2020, 08:45 AM

U.S. adds 183,000 private-sector jobs in February, ADP says

Source: MarketWatch

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U.S. adds 183,000 private-sector jobs in February, ADP says

Published: Mar 4, 2020 8:40 a.m. ET

Zandi sees weaker job growth going forward

By GREG ROBB
SENIOR ECONOMICS REPORTER

The numbers: Private-sector employment slowed a bit in February, according to the ADP National Employment Report released Wednesday. The private sector added 183,000 in February, down slightly from 209,000 in the prior month. The February gain was higher than the 165,000 job gain expected by economists surveyed by Econoday.

What happened: Large businesses did well in February, adding 133,000 jobs. Small businesses added 24,000 jobs and medium-sized businesses added 26,000. ... According to data on 10 major industries tracked by ADP, education and health care had strong job gains, along with leisure and hospitality.

Big picture: It is still too soon to see any impact of the coronavirus impact on the data.

Economists expect a 170,000 rise in nonfarm payrolls in February, down from 225,000 in the prior month, according to a MarketWatch survey. The unemployment rate is expected to tick down to 3.5%.

Economists have become wary of using the ADP data to predict the government’s employment data because there have been large deviations recently. For instance, the January ADP report showed that 291,000 jobs were added in the private sector, while the Labor Department showed 206,000.

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Read more: https://www.marketwatch.com/story/us-adds-183000-private-sector-jobs-in-february-adp-says-2020-03-04

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Reply U.S. adds 183,000 private-sector jobs in February, ADP says (Original post)
mahatmakanejeeves Mar 2020 OP
mahatmakanejeeves Mar 2020 #1
mahatmakanejeeves Mar 2020 #2
CaptYossarian Mar 2020 #3
Wuddles440 Mar 2020 #7
CaptYossarian Mar 2020 #10
Bengus81 Mar 2020 #4
maddogesq Mar 2020 #5
gab13by13 Mar 2020 #6
hamsterjill Mar 2020 #8
mahatmakanejeeves Mar 2020 #9

Response to mahatmakanejeeves (Original post)

Wed Mar 4, 2020, 08:49 AM

1. FEBRUARY 2020 ADP National Employment Report

FEBRUARY 2020 ADP National Employment Report

Private-sector employment increased by 183,000 from January to February, on a seasonally adjusted basis.

Total Employment

Change in Nonfarm Private Employment



Historical Trend

Change in Total Nonfarm Private Employment



Change By Company Size

Change in Total Nonfarm Private Employment by Company Size

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Response to mahatmakanejeeves (Original post)

Wed Mar 4, 2020, 08:58 AM

2. Links to earlier reports:

Good morning, all.

Friday, February 7, 2020: Links to earlier reports:

Thursday, January 9, 2020: Links to earlier reports:

Updated from this post of Friday, December 6, 2019: Good morning. Links to earlier reports:

-- -- -- -- -- --

[center]Past Performance is Not a Guarantee of Future Results.[/center]

Nonetheless, what is important is not this month's results, but the trend. Let’s look at some earlier numbers:

Bureau of Labor Statistics, for employment in January 2020:

The economy added 225,000 jobs in January, showing continued strength

ADP[sup]®[/sup] (Automatic Data Processing), for employment in January 2020:

ADP says 291,000 private-sector jobs created in January, largest gain in 4 years

Bureau of Labor Statistics, for employment in December 2019:

Economy adds 145,000 jobs in December as unemployment rate remains at 3.5 percent

ADP[sup]®[/sup] (Automatic Data Processing), for employment in December 2019:

U.S. private sector adds the most jobs in eight months

Bureau of Labor Statistics, for employment in November 2019:

Labor market remained strong in November as U.S. economy added 266,000 jobs

ADP[sup]®[/sup] (Automatic Data Processing), for employment in November 2019:

U.S. private sector job growth slows down sharply in November: ADP

Bureau of Labor Statistics, for employment in October 2019:

U.S. economy added 128,000 jobs in October as GM strike displaced workers; jobless rate ticks up

Bureau of Labor Statistics, for employment in September 2019:

U.S. economy added just 136,000 jobs in September, in fresh sign economy is cooling

ADP[sup]®[/sup] (Automatic Data Processing), for employment in September 2019:

ADP National Employment Report: Private Sector Employment Increased by 135,000 Jobs in September

Bureau of Labor Statistics, for employment in August 2019:

U.S. economy adds just 130,000 jobs in August amid worries

ADP[sup]®[/sup] (Automatic Data Processing), for employment in August 2019:

Survey: Businesses added a solid 195,000 jobs in August

Bureau of Labor Statistics, for employment in July 2019:

U.S. Added 164,000 Jobs in July; Unemployment Rate at 3.7 Percent

ADP[sup]®[/sup] (Automatic Data Processing), for employment in July 2019:

ADP says 156,000 private-sector jobs added created in July

Bureau of Labor Statistics, for employment in June 2019:

Hiring rebounds as U.S. economy adds 224,000 jobs in June;unemployment rate inched up to 3.7 percent

ADP[sup]®[/sup] (Automatic Data Processing), for employment in June 2019:

U.S. private sector hiring picks up less than expected in June: ADP

Bureau of Labor Statistics, for employment in May 2019:

The U.S. economy added only 75,000 jobs in May amid bite from Trump's trade war

ADP[sup]®[/sup] (Automatic Data Processing), for employment in May 2019:

ADP private-sector job growth tumbles to a 9-year low in May

Bureau of Labor Statistics, for employment in April 2019:

UPDATE: U.S. unemployment fell to 3.6 percent, lowest since 1969

ADP[sup]®[/sup] (Automatic Data Processing), for employment in April 2019:

ADP National Employment Report: Private Sector Employment Increased by 275,000 Jobs in April

Bureau of Labor Statistics, for employment in March 2019:

UPDATE: U.S. added 196,000 jobs in March as economy shows signs of spring bounce

ADP[sup]®[/sup] (Automatic Data Processing), for employment in March 2019:

Private sector hiring falls to 18-month low, and manufacturing sheds jobs, ADP says

Bureau of Labor Statistics, for employment in February 2019:

U.S. adds meager 20,000 jobs in February to mark smallest increase in 17 months

ADP[sup]®[/sup] (Automatic Data Processing), for employment in February 2019:

ADP National Employment Report: Private Sector Employment Increased by 183,000 Jobs in February

Bureau of Labor Statistics, for employment in January 2019:

U.S. creates 304,000 jobs in January, unemployment rises to 4%

ADP[sup]®[/sup] (Automatic Data Processing), for employment in January 2019:

U.S. added 213,000 private-sector jobs in January, ADP says

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Response to mahatmakanejeeves (Original post)

Wed Mar 4, 2020, 09:28 AM

3. How nice. And yes, I would like fries with that.

What will the numbers look like when "COVID-45" decimates the travel/hospitality industry later this year? As those employees drop off, that will create an avalanche in other service jobs.

Unless the medical & mortuary positions can compensate (because of Trump/Pence's inaction), we're headed off a 2008-09 type cliff in time for November.

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Response to CaptYossarian (Reply #3)

Wed Mar 4, 2020, 11:27 AM

7. "COVID-45"

Love it and perfect for the pestilence occupying our White House! The Secret Service should adopt it as their new code name for him.

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Response to Wuddles440 (Reply #7)

Wed Mar 4, 2020, 02:01 PM

10. Sadly, the Covfefe-45 cartoon came out a few minutes after my post.

No material was stolen from anyone. It was a nice coincidence. They took quite a while to draw it.

If I use someone else's joke, I acknowledge them if I remember who it was.

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Response to mahatmakanejeeves (Original post)

Wed Mar 4, 2020, 09:43 AM

4. Any job report for Obama at 250k or less sent Trump on a tweet storm

So chew on this POS report Trump. Oh...and he always said to add 6% to those FAKE Obama unemployment numbers.

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Response to mahatmakanejeeves (Original post)

Wed Mar 4, 2020, 09:59 AM

5. Would someone explain to me how...

ADP got January so wrong? 82,000 less jobs than previously reported, or about 29 percent, is a huge revision.

Makes sense that economists rely more heavily on the BLS report.

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Response to maddogesq (Reply #5)

Wed Mar 4, 2020, 10:44 AM

6. You know I never doubted the labor report until Trump.

It seems that jobs are always higher every month than economic experts predict. Once again they are 20,000 jobs higher.

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Response to mahatmakanejeeves (Original post)

Wed Mar 4, 2020, 12:22 PM

8. Okay, please color me stupid, but ADP?

Like in the payroll company? Surely I’m missing something here.

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Response to hamsterjill (Reply #8)

Wed Mar 4, 2020, 12:49 PM

9. You are correct. That is the one and the same ADP.

National Employment Report

About the Report

The ADP National Employment Report® is published monthly by the ADP Research Institute® in close collaboration with Moody's Analytics. The ADP National Employment Report provides a monthly snapshot of U.S. nonfarm private sector Employment based on actual transactional payroll data.

Report FAQs
Report Methodology - Full Detail
Calendar of Report Releases
ADP National Employment Report® RSS Feed

For media inquiries about the ADP National Employment Report, please contact Joanna DiNizio at (973) 369-8167 or email Joanna.DiNizio@adp.com.

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