Private payrolls grew by 212,000 in February while January was way better than first reported, according to the latest report from ADP.
Expectations were for private payrolls to grow 219,000 in February, up from 213,000 the prior month.
The big news out of this report is the January revision, which showed private payrolls grew by 250,000, up from the 213,000 ADP previous reported.
In a release, Mark Zandi, chief economist of Moody’s Analytics, said, "Job growth is strong, but slowing from the torrid pace of recent months. Job gains remain broad-based, although the collapse in oil prices has begun to weigh on energy-related employment. At the current pace of growth, the economy will return to full employment by mid-2016."
From ADP, here's the latest chart showing the monthly change in payrolls.
And the job gains by industry in February.
More to come ...
