US private employment growth in February slowed to 140,000 new jobs (ADP), missing forecasts, with wage increase for job-changers.
Private employment growth in the US slowed to 140,000 new jobs in February, according to ADP, missing forecasts of 150,000. The data precedes the national jobs report expected on Friday, which is expected to show a decrease in non-farm payroll growth from 353,000 in January to 200,000 in February. Despite the slower growth, wages for job-changers increased for the first time since November 2022, marking a 7.6% rise.
March 06, 2024
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