From Quartz.

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ADP said private-sector payrolls grew by 63,000 in February, a headline gain that matters because it coincided with losses in white-collar roles.

The ADP employment report shows professional and business services shed 30,000 jobs, covering lawyers, consultants, accountants, marketers, and administrative staff. Despite overall job gains, the February jobs report points to concentration in education and health services, which added 58,000, and construction, up 19,000 amid data center projects.

ADP revised January hiring down to 11,000 from 22,000, extending a pattern of downward revisions. Chief economist Dr. Nela Richardson said hiring is limited to a few sectors, and the pay premium for switching jobs hit a record low in February. The video examines sector splits and wage dynamics within ADP’s February snapshot. #jobmarket #whitecollar #employment #economy #jobtrends

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