The American non-farm workforce saw accelerated expansion last month to beat estimates by 57 percent and January figures by 21 percent, according to the February ADP National Employment Report released Wednesday.
Franchises created about 17,100 jobs, while small businesses added 104,000 — a figure far surpassing preceding rates of January (62,000), December (18,000) and November (37,000).
Both construction and business services saw swells of 66,000 jobs and were closely followed by technical services (42,000), health and education services (40,000), leisure and hospitality (40,000), health care (38,000) and manufacturing (32,000). No sectors reported net losses.
The general growth accompanied a slight rise in labor costs and a 0.2-percentage-point drop in productivity.
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Monthly U.S. jobless claims will be released Thursday morning, and analysts predict a 0.3-percent month-to-month decrease in continuing claims offset by a 5-percent increase in initial claims.
Friday’s payroll figures are expected to yield a slight drop in the unemployment rate from 4.8 percent to 4.7 percent, as well as non-farm payroll expansion of 190,000 over January’s 227,000.
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