Private-sector payrolls for February fell short of estimates with +77K new jobs added, impacting market negatively.

From Nasdaq: 2025-03-05 10:32:00

This week in the stock market, tariff policy discussions have caused market indexes to drop between 2.5-5% over the past five days. Commerce Secretary Howard Lutnick hinted at potential tariff adjustments based on compliance with U.S. trade policies, impacting automakers like Ford, GM, and Tesla, whose stocks have seen positive gains.

Private-sector payrolls for February fell short of estimates, with +77K new jobs added, half of the expected +148K. Goods-producing jobs outperformed service jobs, and small firms lost -12K positions while large companies gained +37K. Job Stayers saw +4.7% wage growth, while Job Changers saw +6.7%.

Today, expect economic reports on Final S&P Services PMI, ISM Services, and Factory Orders. The Fed’s Beige Book comes out at 2pm ET. Also, Zacks has identified a top semiconductor stock poised for growth in the AI, ML, and IoT sectors, with the global semiconductor market projected to reach $803 billion by 2028.



Read more at Nasdaq: ADP +77K, Far Lower than Expected; Tariff News Forthcoming?