Private sector added 63,000 jobs in February, above expectations, ADP says

Group 1 - Private sector added 63,000 jobs in January, below economists' estimates of 50,000 jobs [1] - Previous month's payrolls were revised down to a gain of 11,000 from an initial report of 22,000 [1] Group 2 - Hiring and pay gains are solid, particularly for job-stayers, but concentrated in a few sectors [2] - The pay premium for switching employers reached a record low in February [2] - Education and health services led job creation with 58,000 positions added [2] Group 3 - Construction added 19,000 jobs, information gained 11,000, and other services added 6,000 [2] - Financial activities and natural resources and mining each added 2,000 jobs, while leisure and hospitality added 1,000 [3] - Professional and business services lost 30,000 jobs, manufacturing lost 5,000, and trade, transportation, and utilities lost 1,000 [3]