Report Job Surge Surpasses Expectations
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Job creation saw another powerful month in February, with companies adding 235,000 positions, ADP and Moodyâ€™s Analytics reported Wednesday.
The total again defied Wall Street expectations, as economists surveyed by Thomson Reuters were expecting payrolls to grow by 195,000. Growth actually decelerated slightly, as January posted an upwardly revised 244,000 from the initially reported 234,000.
February marked the fourth month in a row that private payrolls hit 200,000 or better.
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