Private companies added 63,000 jobs in February, a figure that represents an acceleration in hiring compared to the previous month, according to the ADP National Employment Report released Wednesday. The January job addition figure was revised downward significantly, from an initial estimate of 106,000 to just 11,000.

The services sector was the primary driver of job growth in February, adding 53,000 positions. Within services, the professional and business services category saw the largest increase, with 23,000 jobs added. The leisure and hospitality sector also contributed, adding 12,000 jobs.

The goods-producing sector added 10,000 jobs in February. Manufacturing accounted for 6,000 of these additions, while construction added 4,000 jobs.

Small businesses, those employing fewer than 50 workers, added 31,000 jobs in February. Medium-sized businesses, with 50 to 249 employees, added 21,000 jobs. Large businesses, employing 500 or more workers, added 11,000 jobs.

The report's findings precede the Bureau of Labor Statistics' official jobs report, which is scheduled for release on Friday. This official report will include data on both public and private sector employment.

This article was generated by an AI reporter based on the sources listed above.