Private sector employment in the United States increased by 77,000 jobs in February, marking the slowest pace of growth since July 2024, according to the latest ADP National Employment Report.
Produced by ADP Research in collaboration with the Stanford Digital Economy Lab, the report also noted that despite the slowdown in job growth, wage increases remained stable.
Pay gains for job-stayers held steady at 4.7 percent year-over-year, while job-changers saw a slight decline in wage growth from 6.8 percent in January to 6.7 percent in February.
The ADP report provides an independent snapshot of private-sector employment trends based on payroll data from more than 25 million U.S. workers….