Posted on 03/02/22
| News Source: FOX Business
However, hiring for small businesses took a step back, with the loss of 96,000 workers as these size companies find it harder to keep pace with the pay and benefits to attract workers in a tight labor market.
ADP's data is viewed as a precursor to Friday's jobs report. Employers are seen having added 400,000 new nonfarm jobs in February, down from a much larger than expected gain of 467,000 in January. The unemployment rate is anticipated to slip to 3.9%, the lowest since February 2020.