Private sector payrolls in February fell well below expectations, with only 77K new jobs added.

From Nasdaq: 2025-03-05 10:44:00

This week, the stock market has been impacted by tariff policy discussions from the White House. President Trump’s State of the Union address mentioned potential tariffs of 20% or 25%, leading to a 2.5-5% drop in market indexes. Stay tuned for possible tariff announcements later today, affecting automakers like Ford, GM, and Tesla.

ADP’s private-sector payrolls report for February showed only +77K new jobs filled, below the expected +148K. Goods-producing jobs outperformed services, with small firms losing -12K positions while large companies gained +37K. Wage growth for Job Changers averaged +6.7%, slightly lower than the previous month.

Today in the stock market, expect economic reports on S&P Services PMI, ISM Services, Factory Orders, and the Fed’s Beige Book after the opening bell. Additionally, Zacks has identified a top semiconductor stock with strong earnings growth and potential for AI, ML, and IoT demand. Global semiconductor manufacturing is projected to grow significantly in the coming years.



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