ADP Employment Change (Feb) 214K vs 190K Expected

(Updated - March 2, 2016 8:16 AM EST)

• ADP Employment Change (Feb) 214K vs 190K Expected

Private sector employment increased by 214,000 jobs from January to February according to the February ADP National Employment Report. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP in collaboration with Moody's Analytics. 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.

February 2016 Report Highlights*

View the ADP National Employment Report Infographic atwww.adpemploymentreport.com.

Total U.S. Nonfarm Private Employment: 214,000

• By Company Size
  • Small businesses: 76,000
    • 1-19 employees 37,000
    • 20-49 employees 38,000
  • Medium businesses: 62,000
    • 50-499 employees 62,000
  • Large businesses: 76,000
    • 500-999 employees 14,000
    • 1,000+ employees 62,000
• By Sector
  • Goods-producing 5,000
  • Service-providing 208,000
• Industry Snapshot
  • Construction 27,000
  • Manufacturing -9,000
  • Trade/transportation/utilities 20,000
  • Financial activities 8,000
  • Professional/business services 59,000

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

Payrolls for businesses with 49 or fewer employees increased by 76,000 jobs in February, in line with January's downwardly revised 75,000. Employment among companies with 50-499 employees increased by 62,000 jobs, down from January's downwardly revised 74,000. Employment at large companies -- those with 500 or more employees -- came in at 76,000, a big jump from January's 44,000. Companies with 500-999 added 14,000 jobs, while companies with over 1,000 employees gained 62,000 jobs.

Goods-producing employment rose by 5,000 jobs in February, just over a quarter of January's upwardly revised 19,000. The construction industry added 27,000 jobs, which was slightly above January's upwardly revised 26,000. Meanwhile, manufacturing lost 9,000 jobs, the second largest drop in five years.

Service-providing employment rose by 208,000 jobs in February, up from a downwardly revised 174,000 in January. The ADP National Employment Report indicates that professional/business services contributed 59,000 jobs, up sharply from January's downwardly revised 38,000. Trade/transportation/utilities grew by 20,000, down from a downwardly revised 26,000 the previous month. The 8,000 new jobs added in financial activities were the least in that sector since August 2015.

"Large businesses showed surprisingly strong job gains in February, despite the continuation of economic trends that negatively impact big companies like turmoil in international markets and a strengthening dollar," said Ahu Yildirmaz, VP and head of the ADP Research Institute. "The gains were mostly driven by the service sector which accounted for almost all the jobs added by large businesses."

Mark Zandi, chief economist of Moody's Analytics, said, "Despite the turmoil in the global financial markets, the American job machine remains in high gear. Energy and manufacturing remain blemishes on the job market, but other sectors continue to add strongly to payrolls. Full-employment is fast approaching."

To see Chart 1. Change in Total Nonfarm Private Employment, please click here:http://media.marketwire.com/attachments/201603/MOD-28430_Chart1.ChangeinTotalNonfarmPrivateEmployment.jpg

To see Chart 2. Historical Trend -- Change in Total Nonfarm Private Employment, please click here:http://media.marketwire.com/attachments/201603/MOD-28431_Chart2.HistoricalTrendChangeinTotalNonfarmPrivateEmployment.jpg

To see Chart 3. Change in Nonfarm Private Employment by Selected Industry, please click here:http://media.marketwire.com/attachments/201603/MOD-28432_Chart3.ChangeinNonfarmPrivateEmploymentbySelectedIndustry.jpg

To see Chart 4. Change in Nonfarm Private Employment by Company Size, please click here: http://media.marketwire.com/attachments/201603/MOD-28433_Chart4.ChangeinNonfarmPrivateEmploymentbyCompanySize.jpg

The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 411,000 U.S. clients employing nearly 24 million workers in the U.S. The January total of jobs added was revised from 205,000 to 193,000.

To obtain additional information about the ADP National Employment Report, including additional charts, supporting data and the schedule of future release dates, or to subscribe to the monthly email alerts and RSS feeds, please visit www.adpemploymentreport.com.

The March 2016 ADP National Employment Report will be released at 8:15 a.m. ET on March 30, 2016.

You May Also Be Interested In

• Wall St gains on bright earnings, megacaps' support
• Asian FX is an important driver of USD, says ING
• Natural Gas Inventory 50 bcf vs 52 bcf Expected