Private employers added a much-better-than-expected 217,000 jobs in February, ADP has reported. That's the fifth straight month of significant job gains in the private sector and another sign that the U.S. labor market continues to slowly heal.
The economy lost 95,000 jobs in September, mainly because the private sector hired only 64,000 workers while governments cut 159,000 jobs. The unemployment rate was unchanged at 9.6%. Minus the usual boosts from housing and consumers, the U.S. still lacks a catalyst for job creation.
The U.S. economy lost only 54,000 jobs in August -- less than had been expected -- while the private sector added a greater than predicted 67,000 jobs. Meanwhile, job loss totals for June and July were revised substantially downward.
Employment just can't get cranked up: ADP reports that the private sector added a scant 13,000 jobs in June, well below expectations. Ominously, the firm notes that "private employment may have decelerated heading into summer."