PiCK
US private-sector hiring picks up again…“Pace of recruitment has accelerated since February”
Minseung Kang
Summary
- US private-sector employment has returned to growth since February, signaling a rebound in the labor market.
- Based on ADP Research data, US private-sector employment rose by a weekly average of 12,750, marking a fourth straight week of faster job gains.
- The figure is an early indicator based on a four-week moving average and may be revised as additional data are incorporated.
US private-sector employment has returned to growth since February, signaling a rebound in the labor market.
According to Walter Bloomberg, an overseas economy newsflash channel, ADP Research data showed US private-sector employment rose by a weekly average of 12,750 in early February.
That marks a fourth straight week of faster job gains, suggesting that hiring momentum, which had slowed somewhat at the start of the year, is improving again.
The figure is an early indicator based on a four-week moving average and may be revised as additional data are incorporated.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
