Private payrolls up 183,000, but Moody's economist says jobs may have peaked

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Private payrolls up 183,000, but Moody's economist says jobs may have peaked
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Job creation at the company level cooled in February after a sizzling start to 2019, according to a report from ADP and Moody's Analytics.

Job creation at the company level cooled in February after a sizzling start to 2019, according to a report Wednesday from ADP and Moody's Analytics.

In a subsequent interview on CNBC, Zandi said he sees first-quarter economic growth coming in around 0.3 percent,"so it's going to start showing up in the payrolls numbers." On the private payroll side, the ADP/Moody's report showed the biggest gains coming from professional and business services, with 49,000 new hires, while education and health services added 39,000. Construction contributed 25,000, Wall Street positions increased by 21,000 and manufacturing rose by 17,000.

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