ADP National Employment Report – February 2026

The Labor Market Just Shifted: What Smart Investors Do Next

According to theADP National Employment Report for February, 2026, private sector employment increases by 63k jobs and pay was up 4.5% year-over-year. ADP says hiring jumped in February, delivering the best showing for job gains since July 2025. Construction and education and health services led the growth. Indeed…

“We’ve seen an increase in hiring and pay gains remain solid, especially for job-stayers. But with hiring concentrated in only a few sectors, our data shows no widespread pay benefit from changing jobs. In fact, the pay premium for switching employers hit a record low in February.” Said ADP chief economist Dr. Nela Richardson.