ADP private payrolls surge more than expected

(From USAToday)

“Professional and business services had the strongest monthly increase since 2014,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, in the release. “This may be an indicator of broader strength in the workforce since these services are relied on by many industries.”

ADP’s report came ahead of official jobs report on Friday, which is forecast to show that nonfarm payrolls increased by 180,000.

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