Private businesses added new employees in February, increasing private sector jobs by 198,000 according to Automatic Data Processing.
There’s improvement in the economy but its gradual, and economists are saying the same thing.
ADP shows that service-sector jobs added 164,000 jobs and factories added close to 9,000.
Professor Randy Cray, the Chief Economist of the Central Wisconsin Economic Research Bureau told us, “There seems to be hiring in the retail trade area, in the services, and factory areas. However, manufacturing doesn't seem to be coming back as quickly. It is coming back but slowly. Kind of like the economy.”
The report also indicates that businesses with 50 to 500 employees added more than 120,000 jobs to add to the total for February’s job creation report.
Even though the economy is growing at a slow rate, economists are positive that it will continue as we work our way out of a recession.