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Private sector added 212,000 jobs last month, down from January, ADP says
Private sector added 212,000 jobs last month, down from January, ADP says

Private-sector job growth dropped last month but U.S. companies still posted a solid 212,000 net new jobs, payroll firm Automatic Data Processing said Wednesday. The figure was down from January's upwardly revised total of 250,000, and it was a bit below economists' expectations of 220,000 net new jobs. Nevertheless, the report indicated that the labor market is continuing to heal. “Job growth is strong, but slowing from the torrid pace of recent months," said Mark Zandi, chief economist of Moody’s Analytics, which assists ADP in preparing the report. "Job gains remain broad-based, although the collapse in oil prices has begun to weigh on...

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