up 140,000
February 2024 Change in U.S. private employment
Job gains remain solid. Pay gains are trending lower but are still above inflation. In short, the labor market is dynamic, but doesn't tip the scales in terms of a Fed rate decision this year.
Nela Richardson
Chief Economist, ADP
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1-19employees
up 11,000
20-49employees
up 2,000
50-249employees
up 53,000
250-499employees
up 16,000
500+employees
up 61,000
Natural resources and mining
down 4,000
Construction
up 28,000
Manufacturing
up 6,000
Trade, transportation, and utilities
up 24,000
Information
down 2,000
Financial activities
up 17,000
Professional and business services
up 5,000
Education and health services
up 11,000
Leisure and hospitality
up 41,000
Other services
up 14,000
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