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02.03.2016 13:26 U.S. ADP Employment Report: private sector adds 214,000 jobs in February

Private sector in the U.S. added 214,000 jobs in February, according the ADP report on Wednesday. January's figure was revised up to 193,000 jobs from a previous reading of 205,000 jobs.

 

Analysts expected the private sector to add 190,000 jobs.

 

Services sector added 208,000 jobs in February, while goods-producing sector added 5,000.

 

"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," the Chief Economist of Moody's Analytics Mark Zandi said.

 

Official labour market data will be released on Friday. Analysts expect that U.S. unemployment rate is expected to remain unchanged at 4.9% in February. The U.S. economy is expected to add 190,000 jobs in February, after adding 151,000 jobs in January.



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