US Companies Added 140,000 Jobs in February, ADP Data Show
- Gains in private payrolls were broad-based, led by hospitality
- Wage growth accelerated for workers who changed jobs
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US companies boosted hiring in February at a moderate pace, pointing to a resilient demand for workers across industries.
Private payrolls increased by 140,000 last month after a 111,000 gain in January, according to figures published Wednesday by the ADP Research Institute in collaboration with Stanford Digital Economy Lab. The median estimate in a Bloomberg survey of economists called for a 150,000 increase.