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US PRIVATE-SECTOR HIRING REBOUNDS FOR SECOND STRAIGHT WEEK
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That marked an acceleration from 19,500 the prior week and 16,750 two weeks earlier. The steady weekly gains suggest the labor market is holding up modestly rather than deteriorating. The figures matter as a timely read on private hiring ahead of broader official payroll data. Watch next for whether the weekly ADP pace sustains into the monthly employment report and whether it shifts expectations around Federal Reserve policy.
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ADP, Walter Bloomberg