US: Private Sector Employment Rises by 475K in February

Employment in the US private sector rose by 475,000 in February, monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday. That was well above economist forecasts for an employment gain of 378,000. Meanwhile, January’s estimate of employment change saw a substantial upgrade to show a job gain of 509,000 on the month versus the previous estimate for a 301,000 job loss.