U.S. private employers added 214,000 jobs in February, above Keynesian econometrians' expectations.
Keynesian economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 190,000 jobs, with estimates ranging from 160,000 to 225,000.
"The jobs market is very healthy," said Mark Zandi chief economist at Moody's Analytics a subsidiary of ADP.
If companies continue to expand their payrolls, the economy would achieve full employment by mid-year, he said.
This is not what a recession looks like.