Business
Businesses Add 212,000 Jobs in February
In this Oct. 23, 2014 photo, an automotive service technology student works on a car at the Community College of Philadelphia Thursday, Oct. 23, 2014, in Philadelphia. (AP Photo/Matt Rourke)
(USA Today) – Private employers hired 212,000 workers in February, adding more muscle to the frame of a growing U.S. labor force.
Payroll processor ADP’s survey released Wednesday morning showed the seasonally adjusted number of new positions added in February.
The economy is adding about 250,000 private sector jobs a month so February’s figures were slightly down in comparison. But the steady increase in positions, across industries, is a positive trend line, says Mark Zandi, Moody’s Analytics chief economist.
“The ADP gain for the month of February was on the soft side,” Zandi said in a conference call Wednesday. Still, “the labor market is in very good shape and the prospects are that it will continue to do well at least for the foreseeable future. It’s going to take a lot to derail the momentum that currently exists in the labor market.”
