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: