UPDATE: U.S. Private-Sector Employment Increased by 216K Jobs in February -ADP

Private-sector employment increased by 216,000 from January to February on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The ADP National Employment Report, created by Automatic Data Processing, Inc.

, in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month. The estimated gain in employment from December to January was revised up slightly to 173,000 from the initially reported 170,000.