• U.S private sector employment increased by 235,000 jobs according to the February ADP National Employment Report

Market news

7 March 2018

U.S private sector employment increased by 235,000 jobs according to the February ADP National Employment Report

"The labor market continues to experience uninterrupted growth," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "We see persistent gains across most industries with leisure and hospitality and retail leading the way as consumer spending kicked up. At this pace of job growth employers will soon become hard-pressed to find qualified workers." Mark Zandi, chief economist of Moody's Analytics, said, "The job market is red hot and threatens to overheat. With government spending increases and tax cuts, growth is set to accelerate."

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.