US Private Payrolls Up 63,000 in February, Highest Since July: ADP

Economy‘We’ve seen an increase in hiring and pay gains remain solid, especially for job-stayers,’ said Nela Richardson, chief economist at ADP.Private-sector employment rose more than expected in February, signaling a potential hiring rebound that could thaw the frozen labor market.Companies added 63,000 new jobs last month, from January’s downwardly revised 11,000, according to new data from payroll processor ADP released on March 4.