Business
ADP National Employment Report: Private Sector Employment Increased by 77,000 Jobs in February; Annual Pay was Up 4.7%
ADP National Employment Report: Private Sector Employment Increased by 77,000 Jobs in February; A...
About this update from Adelphi Metals Inc.
[{"type":"text","content":"ADP National Employment Report: Private Sector Employment Increased by 77,000 Jobs in February; Annual Pay was Up 4.7%\n\n\n\n ADP National Employment Report: Private Sector Employment Increased by 77,000 Jobs in February; Annual Pay was Up 4.7%\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n PR Newswire\n \n\n\n\n\n\n ROSELAND, N.J.\n \n\n ,\n \n\n March 5, 2025\n \n\n /PRNewswire/ -- Private sector employment increased by 77,000 jobs in February and annual pay was up 4.7 percent year-over-year, according to the February\n \n\n ADP\n \n ®\n \n National Employment Report™\n \n\n produced by ADP Research in collaboration with the Stanford Digital Economy Lab (\"\n \n Stanford Lab\n \n \"). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.\n \n\n The jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market. The report details the current month's total private employment change, and weekly job data from the previous month. Because the underlying ADP payroll databases are continuously updated, the report provides a high-frequency, near real-time measure of U.S. employment. This measure reflects the number of employees on ADP client payrolls (Payroll Employment) to provide a richer understanding of the labor market. As of\n \n January 2025\n \n , ADP's Pay Insights measure captures nearly 14.8 million individual pay change observations each month, up from nearly 10 million when it launched.\n \n\n \"Policy uncertainty and a slowdown in consumer spending might have led to layoffs or a slowdown in hiring last month,\" said\n \n Nela Richardson\n \n , chief economist, ADP. \"Our data, combined with other recent indicators, suggests a hiring hesitancy among employers as they assess the economic climate ahead.\"\n \n\n\n\n\n February 2025\n \n Report Highlights\n \n\n\n *\n \n\n\n View the\n \n ADP National...