Businesses create 475,000 new U.S. jobs in February, ADP says
The numbers: U.S. businesses added 475,000 new jobs in February, payroll processor ADP said — after omicron faded, governments eased pandemic restrictions and the economy perked up.The increase in employment dovetails with other reports that show the economy... The numbers: U.S. businesses added 475,000 new jobs in February, payroll processor ADP said — after omicron faded, governments eased pandemic restrictions and the economy perked up.
On Friday, the official U.S. employment report is expected to show an increase of 440,000 new jobs in February.Big picture: A recovering U.S. economy has a near record number of open jobs, but not enough people to fill them. Companies have nearly 11 million openings, or a record two jobs for every unemployed person.
Key details: Large firms generated 552,000 new jobs in February and mid-sized businesses added 18,000, ADP said. Those gains offset a 96,000 decline among smaller companies.
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