Economic Report: Labor market ‘red hot’ as ADP says 235,000 private-sector jobs added in February

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Unemployed people talk with a prospective employer during a Job Fair at the Convention Center in Los Angeles.

The numbers: Private-sector employment remained robust in February, as employers added 235,000 jobs, Automatic Data Processing Inc. reported Wednesday. Economists had expected an increase of 205,000 private-sector jobs, compared with the initial January gain of 234,000. That was increased by 10,000 in the latest data. February is the fourth month in a row where job gains were 200,000 or higher.

What happened: Details of ADP’s report showed that small firms added 68,000 jobs in February, medium-size businesses added 97,000, and large companies added 70,000.

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