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Economy

“Private payrolls rose by 242,000 in February, better than expected, ADP says”

“…Private payrolls increased by 242,000 for the month, ahead of the Dow Jones estimate for 205,000 and well above the upwardly revised 119,000 jobs gain, from 106,000, in January.

Wage growth decelerated slightly, with those remaining in their jobs seeing a 7.2% annual increase, down 0.1 percentage point from a month ago. Job changers saw growth of 14.3%, compared with 14.9% in January.

The report comes with Federal Reserve officials watching jobs data closely for clues on where inflation is headed…”

https://www.cnbc.com/2023/03/08/adp-jobs-report-february-2023-.html

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