2 weeks ago
Economic Indicators

U.S. Adds 183,000 Private Sector Jobs in February: ADP

Investing.com - U.S. private employers added 183,000 jobs in February, a slowdown from January and below economists' expectations, according to

Investing.com - U.S. private employers added 183,000 jobs in February, a slowdown from January and below economists' expectations, according to a report by payrolls processor ADP (NASDAQ:ADP) released Wednesday.

Economists had expected the report to show a gain of 189,000 jobs.

However, the shortfall was more than offset by a sharp upward revision to January's numbers. ADP now says private-sector jobs increased by 300,000 in January, rather than the 213,000 initially reported.

The ADP numbers thus provide an upbeat prelude to the Labor Department's more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment.

The dollar was little changed after the report, immediately reversing a brief dip against the euro as the scale of the January revision was factored in.