U.S. February ADP Employment Report Officially Released
According to the report, the U.S. private sector added 63,000 jobs in February, exceeding market expectations of approximately 48,000 to 50,000 jobs. This indicates a rebound in labor market hiring momentum, but the overall growth remains moderate and well below the peak levels seen after the pandemic.
(Previous context: Bitcoin struggles to break through $66,000, hovering sideways; Federal Reserve officials warn: Iran war makes rate cuts more distant)
(Additional background: U.S. January non-farm payrolls “surprisingly strong”! Markets bet on a Fed rate cut in July; Bitcoin surpasses $68,000, Ethereum hits $2,000)
The U.S. February ADP employment report (commonly known as “Small Non-Farm”) was officially released this evening (4th), in collaboration with ADP Research and Stanford Digital Economy Lab. The report shows that private sector employment increased by 63,000 jobs in February, the highest since November 2025, surpassing market expectations of around 48,000 to 50,000.
Other related data include: the annual salary growth rate remains at 4.5%, unchanged from January, indicating relatively stable wage pressures. In terms of industries, construction and education/health services are the main growth drivers, contributing most of the new jobs; leisure and hospitality saw slight increases, while manufacturing experienced a small decline.
In summary, this report indicates a rebound in labor market hiring momentum, but the overall growth remains moderate and significantly below pandemic peak levels. As a leading indicator of the official Non-Farm Payrolls (NFP) report, today’s ADP data may provide a positive reference for the March NFP release scheduled for this Friday. However, before the official non-farm data is published and amid recent tensions in the Middle East, the market remains cautious. Both Bitcoin and Ethereum showed little movement after the data release, with no clear reaction.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Slips to $68,000 as Middle East Conflict and US Jobs Data Trigger Sell-Off
Bitcoin surrendered its $70,000 support level, triggering a broader crypto market retreat that wiped out $329 million in leveraged positions. This downturn was fueled by a perfect storm of geopolitical and macroeconomic pressures.
Wiping out the ‘War Gains’
Bitcoin’s midweek resilience
Coinpedia16m ago
DXY Breaks Above the Daily 200MA and Crypto Markets Are Watching the ~100 Level Like a Hawk
Currently, the U.S. Dollar Index (DXY) is starting to play a key role in crypto trading this morning. The Dollar has crossed above its Daily 200 period moving averages on March 1, 2026, and is now testing below its Daily 200 period Exponential Moving Averages. Daan Crypto Trades called attention to
BlockChainReporter2h ago
The US Dollar Index rose 1.5% this week, marking the largest gain of the year, driven by safe-haven demand.
The US dollar performed strongly amid Middle East conflicts and soaring oil prices, rising 1.5% this week, the largest increase in over a year. Despite the US non-farm payroll report showing job reductions, the market remains influenced by oil prices and uncertainty, continuing to push the dollar higher.
GateNews3h ago
Schroders Chief Economist: U.S. Non-Farm Payrolls Data Below Expectations, but Recent Factors May Weaken the Need for Rate Cuts
Gate News Report, March 6 — Schroders Global Chief Economist David Rees commented on the U.S. non-farm payroll data. Rees pointed out that the non-farm employment figures were significantly below expectations, providing a basis for dovish discussions within the Federal Reserve. He stated that at least part of the deviation below expectations was due to strikes in the healthcare industry, which are expected to be reversed. Additionally, despite the soft employment report, the continued growth in labor demand persists amid the ongoing strong U.S. economic expansion. Rees mentioned that Kevin Woor, who is about to become the Federal Reserve Chair, previously expressed the view that the application of artificial intelligence would greatly enhance U.S. productivity and create room for rate cuts. However, he also noted that the recovery of the labor market and inflation risks from Middle Eastern events would weaken the need for rate cuts in the short term.
GateNews4h ago
Institutional analyst: Poor February employment data does not change the Federal Reserve's expectation of rate cuts this year; the market expects only one rate cut this year.
Carson Group analyst Sonu Varghese stated that despite poor employment data in February, the Federal Reserve's interest rate cut expectations for this year remain unchanged, and risks in the labor market still exist. Meanwhile, energy prices and artificial intelligence bottlenecks will keep the Federal Reserve cautious on rate cuts, and the market may only expect one rate cut.
GateNews4h ago
70% of assets heavily invested in Bitcoin! Mexican billionaire urges "buy quickly during the dip," and the wealthy dad is also increasing his holdings
Mexican billionaire Ricardo Salinas Pliego is heavily investing in Bitcoin, believing it can hedge against inflation and symbolize personal freedom. Robert Kiyosaki warns that a stock market crash is imminent and continues to increase his holdings in Bitcoin and precious metals, remaining confident. They both believe that Bitcoin has long-term value potential, and the current price dip is a good buying opportunity.
区块客4h ago
