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US private sector adds fewer jobs in February than previous month, but market still ‘red hot’

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US private sector employment rose by 235,000 jobs in February, down from the gain of 244,000 in January but still “red hot,” according to the ADP National Employment Report.

“The labor market continues to experience uninterrupted growth,” said Ahu Yildirmaz, VP and co-head of the ADP Research Institute. “We see persistent gains across most industries with leisure and hospitality and retail leading the way as consumer spending kicked up. At this pace of job growth, employers will soon become hard-pressed to find qualified workers.”

The results show a continued trend of robust hiring as companies hunt for employees to fill empty spots, according to Bloomberg.

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