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ADP: Private-sector employers add 475K jobs in February

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ADP's latest national employment report indicates 475,000 jobs were added by private employers in February.

Analysts expected 388,000 new jobs.

"Hiring remains robust but capped by reduced labor supply post-pandemic," said Nela Richardson, ADP's chief economist. "Last month, large companies showed they are well-poised to compete with higher wages and benefit offerings, and posted the strongest reading since the early days of the pandemic recovery."

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