WASHINGTON — U.S. private- sector employment jumped in February, and the recent pace of gains has been speeding up, according to an employment report released Wednesday.
Private-sector employment rose 217,000 in February, increasing 104,000 at medium-size businesses, 100,000 at small businesses and 13,000 at large businesses.
By sector, service-producing employment rose 202,000, while goods-producing employment gained 15,000.
A total increase of 180,000 had been expected for the February report from payroll company Automatic Data Processing Inc.
The report “suggests continued solid growth of nonfarm private employment early in 2011,” said Joel Prakken, chairman of Macroeconomic Advisers, which works on the report.
Prakken noted that the speed of gains is rising: From December through February, the average gain was more than 200,000, compared with an average of slightly more than 60,000 over the prior six months.
“We view these data as corroborating the message of stronger job creation from the decline in jobless claims, the improvement in consumers’ perceptions of labor-market conditions and the jump in the employment components of manufacturing surveys,” analysts at RDQ Economics wrote in a research note.
For January, ADP reported that private payrolls rose 189,000, compared with a prior estimate of 187,000. In January, the ADP data didn’t track the Labor Department’s report particularly closely, as the U.S. government’s own estimate for private payrolls was 50,000.
