Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • ROOMS:

Private sector job growth rises less than expected in February: ADP

Private sector job growth rose in February but growth came in slightly under expectations, pointing to a still "dynamic" labor market, according to ADP.

Hiring by U.S. companies continued to chug along at a healthy pace in February, although growth came in below expectations, according to the ADP National Employment Report released Wednesday morning.

Companies added 140,000 jobs last month, missing the 150,000 gain that economists surveyed by Refinitiv predicted.

"Job gains remain solid. Pay gains are trending lower but are still above inflation," said ADP chief economist Nela Richardson. "In short, the labor market is dynamic, but doesn’t tip the scales in terms of a Fed rate decision this year."

This is a developing story. Please check back for updates.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.