U.S. Private Payrolls Surge on Gains in Construction, Manufacturing

U.S. private sector job growth recorded its biggest increase in more than a year in February amid a surge in construction and factory hiring, suggesting the economy remains on solid ground despite an apparent further slowdown in the first quarter. Signs of sustained labor market strength, if confirmed by the U.S. government’s closely followed monthly employment report on Friday, could encourage the Federal Reserve to hike interest rates next week.


Source: Reuters

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