U.S. Economic News

March 3, 2021

U.S. Economic Indicators

The ADP Employment Report shows that private-sector employment increased by 117,000 jobs in January, slightly below consensus estimates. The services sector gained 131,000 jobs, while the goods-producing sector lost 14,000 jobs. ADP Report

The ISM Services Index fell 3.4 points to 55.3 in February, indicating the ninth straight month of growth for the services sector, though at a slower rate than in January. The New Orders Index decreased 9.9 points to 51.9, while the Employment Index decreased 2.5 points to 52.7. ISM Report