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.