Private-sector employment increased by 198,000 jobs in February, and by 215,000 in January, payroll giant ADP announced today.
While February’s gains are the latest in a string of monthly job additions that stretches back years, the numbers aren’t as large as they could be, as some estimates say that the recession wiped out nearly 8 million jobs. Adding 200,000 jobs per month would mean we’d be back to pre-recession levels in…more than 3 years. Who’s got the time?
ADP, citing a Moody’s report, called the job market “sturdy,” however, as the report beat analysts’ expectations.