Two employment reports show February was another difficult month for jobs.
February was another bad month for jobs as two key employment reports showed more signs of labor weakness Wednesday.
In the private sector, nonfarm employment declined by 23,000 jobs for the month, according to the ADP National Employment Report.
The drop marks the first-ever decline in the two-year history of the report. Though the report did not exist in 2003, ADP estimates that the last decline in nonfarm private employment would have occurred in that year.
Service provider jobs grew 47,000 while employment in the goods-producing sector fell by 70,000, marking the 15th straight monthly decline in that category. Manufacturing jobs fell for the 18th straight month, declining by 40,000.
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