Payroll processor ADP released a report on Wednesday showing U.S. private sector employment jumped by much more than expected in the month of February.
ADP said private sector employment surged by 475,000 jobs in February compared to economist estimates for an increase of 388,000 jobs.
The report also showed a substantial revision to the January data, with the revised data showing employment spiked by 509,000 jobs compared to the previously reported loss of 301,000 jobs.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.