United States Adp Employment Change

Private businesses in the US added 77K workers to their payrolls in February 2025, the smallest increase in seven months, compared to an upwardly revised 186K in January and well below forecasts of 140K. The service-producing sector added 36K jobs, led by leisure/hospitality (41K), professional/business (27K), and financial (26K) while job losses occurred in trade/transportation/utilities (-33K), education/health (-28K), and information (-14K). The goods producing sector gained 42K jobs due to construction (26K) and manufacturing (18K) while natural resources/mining shed 2K jobs."Policy uncertainty and a slowdown in consumer spending might have led to layoffs or a slowdown in hiring. Our data, combined with other recent indicators, suggests a hiring hesitancy among employers as they assess the economic climate ahead", Nela Richardson, chief economist, ADP, said. Meanwhile, annual pay gains for job-changers slowed slightly to 6.7% from 6.8%. Pay gains for job-stayers were flat at 4.7%.