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Companies added fewer jobs than forecast in February

Harsh winter weather conditions, which kept some shoppers away from stores and car dealerships, help explain why companies were hesitant to accelerate hiring.

By Jeanna Smialek | Updated on March 05, 2014
Job seekers line up to meet a prospective employer at a career fair at a hotel in Dallas. (AP Photo/LM Otero)

March 5 (Bloomberg) — Companies added fewer workers than projected in February, a sign that U.S. employers were waiting for a pickup in demand before boosting headcount, a private report based on payrolls showed today.

The 139,000 increase in employment followed a revised 127,000 gain in January that was weaker than initially reported, the weakest two months since August-September 2012, according to the ADP Research Institute in Roseland, New Jersey. The median forecast of 39 economists surveyed by Bloomberg called for a 155,000 advance.

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