ADP US February employment +183K vs +170K expected

ADP February private payrolls

ADP employment
  • Prior was +291K (revised to +209K)
  • Estimates ranged from +120K to +250K
  • Goods producing jobs +11K
  • Service-providing jobs +172K
  • Full report

The downward revisions to the prior takes the shine of the headline. It was part of annual benchmark revisions.

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