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Online mystery-ak

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Private sector adds just 77K jobs in February, well below expectations, ADP says
« on: March 05, 2025, 09:23:44 am »
 March 5, 2025 8:22am EST
Private sector adds just 77K jobs in February, well below expectations, ADP says
ADP releases private sector jobs data

  By Matthew Kazin FOXBusiness

Companies in the private sector added just 77,000 jobs in February, payroll processing firm ADP said on Wednesday.

The figure – the lowest since July – is well below economists’ estimates of 140,000 jobs and also more than the prior month’s upwardly revised reading of 186,000. Annual pay was up 4.7%, the same as the prior month, ADP said.

"Policy uncertainty and a slowdown in consumer spending might have led to layoffs or a slowdown in hiring last month," said Nela Richardson, ADP's chief economist. "Our data, combined with other recent indicators, suggests a hiring hesitancy among employers as they assess the economic climate ahead."

Leisure and hospitality added 41,000 positions, leading job creation in February. Professional and business services added 27,000 jobs, while financial activities and construction each contributed 26,000. Manufacturing and other services added 18,000 and 17,000 jobs, respectively.

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https://www.foxbusiness.com/economy/private-sector-adds-just-77k-jobs-february-well-below-expectations-adp-says
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Offline Wingnut

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Re: Private sector adds just 77K jobs in February, well below expectations, ADP says
« Reply #1 on: March 05, 2025, 09:38:50 am »
Trumps fault.   :whistle:
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Online DB

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Re: Private sector adds just 77K jobs in February, well below expectations, ADP says
« Reply #2 on: March 05, 2025, 09:41:03 am »
How about reporting how many of the "jobs" in previous finalized reports were government hires? All for the purpose of inflating job numbers in an election year. Because the private sector hiring was near zero.
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Re: Private sector adds just 77K jobs in February, well below expectations, ADP says
« Reply #3 on: March 05, 2025, 10:11:43 am »
Quote from: DB on March 05, 2025, 09:41:03 am
How about reporting how many of the "jobs" in previous finalized reports were government hires? All for the purpose of inflating job numbers in an election year. Because the private sector hiring was near zero.

Fun with numbers! Episode 19458
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Offline GtHawk

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Re: Private sector adds just 77K jobs in February, well below expectations, ADP says
« Reply #4 on: March 05, 2025, 03:04:14 pm »
My daughter works for Dayforce, a Human Resources management company that is worldwide and she just told me that they are laying people off. Also my SIL works for a good sized construction company that is also laying people off, and that they have called a meeting for all the foreman, fortunately he has been contacted by five companies he used to work for about coming back to work so if they him off  he has a job waiting.
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