According to the ADP National Employment Report, the private sector added 140,000 jobs in February, while annual pay increased by 5.1%.
The ADP Research Institute® and the Stanford Digital Economy Lab (Stanford Lab) collaborated to develop the February ADP® National Employment ReportTM, which shows that the private sector added 140,000 positions in February and saw a rise in annual pay of 5.1% year over year. The ADP National Employment Report is a high-frequency, independent measure of the private labor market that is based on actual, anonymized payroll data from over 25 million American workers.
ADP’s fine-grained, anonymized, aggregated payroll data is used in the jobs report and pay insights to give a representative image of the private labor market. The report includes weekly job data from the previous month as well as the overall change in private employment for the current month. Due to the constant updating of the underlying ADP payroll information, the report offers a fast, high-frequency measure of employment in the United States. To give a better picture of the labor market, this metric, Payroll Employment, represents the number of workers on ADP customer payrolls. The compensation of a cohort of nearly 10 million employees over a 12-month period is uniquely captured by ADP’s pay measure.