Whether it was the brutal weather, fewer work days or other causes, private employers added the fewest new jobs in February since last May. ADP’s National Employment report said private employer payrolls grew by 212,000 last month, a decrease of 38,000 from January’s revised numbers.
The count was smaller than economists were expecting. A Reuters survey put their average forecast at 220,000 jobs. The Wall Street Journal‘s survey put the forecast at 215,000.
“While February’s job gains came in slightly lower than recent months, the trend of solid growth above 200,000 jobs per month continued,” said Carlos Rodriguez, president and chief executive officer of ADP.