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ADP Jobs Number for February Misses

ADP Jobs number for February came in at 139K vs. 150K Bloomberg estimate

January 175K revised to 127K

December 227K revised to 191K

November 289K revised to 245K

October 206K revised to 196K h/t @zerohedge for previous months revisions

Mark Zandi who helps ADP calculate these jobs numbers said on CNBC he believes weather was the main factor for the weak numbers. He expects a snap-back higher to normal trend in the coming months ahead. The main example he used was lawyers couldn’t get to work due to the storms in the last couple of months.


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