ADP – 139,000 private-sector jobs added* in February

ADP – 139,000 private-sector jobs added* in February ADP – 139,000 private-sector jobs added* in February « Hot Air ADP - 139,000 private-sector jobs added* in February posted at 2:01 pm on March 5, 2014 by Steve Eggleston Payroll processor ADP... More

ADP – 139,000 private-sector jobs added* in February ADP – 139,000 private-sector jobs added* in February « Hot Air ADP - 139,000 private-sector jobs added* in February posted at 2:01 pm on March 5, 2014 by Steve Eggleston Payroll processor ADP reported that the private sector added 139,000 jobs on a seasonally-adjusted basis in February, well below the economists' expectations of 150,000-160,000 jobs added.CNBC, predictably, blamed the continued cold weather in February: The U.S. economy saw modest private sector job creation in February, a closely watched labor market barometer showed on Wednesday, as pervasive cold weather appeared to restrain hiring. Employers added 139,000 private sector jobs, payroll processor ADP said in its monthly National Employment Report, a figure below Wall Street's expectations of 160,000, and only slightly stronger than January's pace of 127,000, which was revised down from 175,000. The January downward revision is a rather massive one.Tom Blum Less