ADP report: Private sector employment increased by 235,000 jobs in February

The US private sector employment increased by 235,000 jobs from January to February, on a seasonally adjusted basis, revealed the latest ADP National Employment Report released this Wednesday.

Mark Zandi, chief economist of Moody’s Analytics, said, “The job market is red hot and threatens to overheat. With government spending increases and tax cuts, growth is set to accelerate.” 

“The labor market continues to experience uninterrupted growth,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “We see persistent gains across most industries with leisure and hospitality and retail leading the way as consumer spending kicked up. At this pace of job growth employers will soon become hard-pressed to find qualified workers.”