February Private Payrolls up 216,000

ADP number on U.S. jobs higher than expected; up from 173,000 gain in January.

Companies in the U.S. added more workers in February than a month earlier, another sign of labor market strength, data from a private report based on payrolls showed today.

Employment increased by 216,000 this month after a revised 173,000 gain in January, according to figures from ADP Employer Services. The median estimate in the Bloomberg News survey called for a 215,000 increase this month.

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