Private-sector job growth accelerates to 214,000, easing recession concerns

March 2, 2016 1:55 PM

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Private-sector job growth accelerated last month in the face of financial market turmoil, with U.S. businesses adding a solid 214,000 net new positions, payroll firm Automatic Data Processing said Wednesday.

The ADP figure, a harbinger of the Labor Department's broader jobs report coming Friday, beat analyst expectations of 185,000 and eased concerns that the U.S. economy might be slipping toward a recession.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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