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U.S. ADP non-farm payrolls increase 198,000 in February

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Investing.com - U.S. non-farm private employment rose more-than-expected in February, easing concerns over the U.S. economic recovery, industry data showed on Wednesday.

In a report, payroll processing firm ADP said non-farm private employment rose by a seasonally adjusted 198,000 in February, above expectations for an increase of 170,000.

The previous month's figure was revised up to a gain of 215,000 from a previously reported increase of 192,000.

While not viewed as a reliable guide for the government jobs report due Friday, it does give guidance on private-sector hiring.

Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.13% to trade at 1.3035.

Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.45% at the open, S&P 500 futures advanced 0.5%, while the Nasdaq 100 futures indicated a rise of 0.25% at the open.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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