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U.S. Private Sector Employment Jumps More Than Expected In February

A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by more than expected in the month of February.

ADP said employment in the private sector jumped by 235,000 jobs in February after surging up by a revised 244,000 jobs in January.

Economists had expected an increase of about 195,000 jobs compared to the addition of 234,000 jobs originally reported for the previous month.

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