ADP Says Companies in U.S. Added 198,000 Workers in February
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Companies added more workers than projected in February, indicating the U.S. job market will keep expanding this year, according to a private report based on payrolls.
The 198,000 increase in employment followed a revised 215,000 gain the prior month that was more than initially estimated, figures from the Roseland, New Jersey-based ADP Research Institute showed today. The median forecast of 41 economists surveyed by Bloomberg called for an advance of 170,000.