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US Wage Growth Still Scorching As ADP Beats
US private sector employers added 242,000 jobs in February, ADP said Wednesday.
That was more than the 200,000 consensus expected. The range of estimates, from around three-dozen economists who ventured a guess, was 100,000 to 300,000.
January's headline was revised higher to show a 119,000 gain, still nowhere in the ballpark of the blockbuster NFP print, which'll be revised on Friday, but surely not to anything that even loosely approximates the ADP number.
To the extent the data reflects
Glad so many people can find work. Jury still out on recession, but Powell will have something to say about that.
International landscape evolving in parallel. Russia and China are long term wildcards.