ADP jobs report: U.S. private payrolls rise 63,000 in February as job-switch pay edge hits record low
U.S. private employers added 63,000 jobs in February, ADP reported, with January revised down to 11,000. Most gains came from education, health, and construction, while professional services cut 30,000 jobs. Pay growth for job-stayers held at 4.5%; job-changer pay growth slipped to 6.3%. Small firms drove hiring, adding 58,000 jobs.