Via CNBC:
Private sector hiring was a bit better than expected in February, though most of the job creation came from just two sectors, ADP reported Wednesday.
Companies added a seasonally adjusted 63,000 workers during the month, an improvement from the downwardly revised 11,000 in January and better than the Dow Jones consensus estimate for 48,000, according to the payrolls processing firm’s latest update.
Though the total beat expectations, the issue of breadth continued to be a problem for the labor market.
Education and health services, an industry that has been the primary driver for job creation, added 58,000 jobs for the month, easily leading all sectors. After that, construction contributed 19,000, with the two industries offsetting stagnant growth across most other sectors.
Professional and business services saw a decline of 30,000 positions, manufacturing lost 5,000, and trade, transportation and utilities was off 1,000.
Other than a gain of 11,000 in information services, there was little movement elsewhere