U.S. companies added more jobs than predicted in February

By Emma Kinery
Published 2 Min Read

U.S. companies in February added more jobs than forecast as COVID-19 cases dropped and restrictions eased, encouraging more Americans to work.

Businesses’ payrolls rose by 475,000 last month, according to ADP Research Institute data released Wednesday. The median forecast in a Bloomberg survey of economists called for a 375,000 rise. The initial January print showed a 301,000 plunge in the month, the worst since April 2020, but was revised up to a 509,000 gain.

Emma Kinery
From Bloomberg News

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