US February ADP employment +117K vs +200K expected

ADP jobs data for February 2021

  • Prior was 174K (revised to 195K)
  • Goods producing -14K vs +19K prior
  • Services providing +131K vs +156K prior
  • Full report
There’s a big hole for the US to climb out of and that’s what the Fed is entirely focused on.
I posted this chart earlier in the week that highlights how many jobs the US needs to create to get back to the post-pandemic trend:
US jobs report ADP
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