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Jobs Growth Slows to Worst in Nine Months

Private companies added 212,000 jobs for the month of February according to payroll processor ADP. That's down significantly from the monthly average of 250,000 jobs according to USA today and below the expectation for February of 220,000 jobs. From Reuters:

The report showed moderating employment gains in sectors such as manufacturing, goods producing, and services. For instance, service-providing employment rose by 181,000 jobs in February, compared with growth of 206,000 in the sector in January.

The good news is that small and medium size companies added the majority of positions. The bad news is that big companies only added 58,000 positions.

That's about 25% of the total. The report provides a preview for the more comprehensive release on Friday of the Labor Department report on employment. 

So people ask how the markets Bull run can continue. 

One way would be by adding jobs more consistently. But it looks like instead job growth is moderating. 


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