US labor market shows more signs of life

NEW YORK - US companies increased their hiring in February, shoring up expectations that the labor market recovery has moved into a higher gear.
Separate data on Wednesday showed wages grew much more quickly at the end of last year than originally estimated, good news for consumers but a potential inflation problem for the Federal Reserve.
The private sector added 216,000 jobs last month, according to the ADP National Employment Report, topping economists' expectations for a gain of 208,000.
The ADP figures come ahead of the government's more comprehensive monthly labor market report on Friday, which includes both public and private sector employment.
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy