The Washington Post



U.S. companies added more jobs than expected in February, underscori­ng persistent demand for labor that’s keeping wage growth elevated. Private payrolls rose 242,000 last month after an upwardly revised 119,000 increase in January, according to figures out Wednesday from ADP Research Institute in collaborat­ion with Stanford Digital Economy Lab. The median estimate in a Bloomberg survey of economists called for a 200,000 advance. The gain was led by hiring in leisure and hospitalit­y as well as financial activities.

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