Private sector adds just 77K jobs in February, well below expectations, ADP says
Published On Mar 5, 2025, 8:22 AM
The ADP reported that the US private sector added only 77,000 jobs in February, significantly below the expected 140,000. This marks the lowest job addition since July and comes after a revised figure of 186,000 jobs added in January. Leading sectors such as leisure, hospitality, and professional services saw modest growth, while trade, transportation, and education sectors experienced job losses. This slowdown indicates potential hesitance among employers amid policy uncertainties and a decrease in consumer spending.
Stock Forecasts
XLY
Negative
The lower-than-expected job growth suggests potential economic weakness which may lead investors to be more cautious. Stocks related to consumer discretionary sectors might be impacted adversely if consumer spending continues to slow down.
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