ADP: Private-sector jobs soar with gain of nearly 300K

As the market gears up for next week’s FOMC meeting, ADP released its private employment report, predicting an increase of nearly 300,000 jobs in February. This increase increases the chances of an already-anticipated rate hike in March. Also, an increase in construction labor could bring relief to an inventory-starved market.
Source: Housing Wire

Leave a Reply

Your email address will not be published. Required fields are marked *