USA creates more than 460,000 jobs in January 2:45
(CNN) --
Corporate America added 475,000 jobs in February, the ADP employment report said Wednesday.
The figure represents nearly 90,000 more jobs than economists expected and a sharp reversal from January, when ADP initially posted a surprise drop in jobs.
Wednesday's data also included a significant revision to that January decline, revising it down to 509,000 jobs added from 301,000 job losses reported last month.
The US created more than 460,000 jobs during the month of January
The ADP report tracks private sector employment and is not correlated with the official government jobs tally, which is due this Friday morning.
Still, the private payroll report is closely watched and seen as a proxy for the US labor market.
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