February proves to be a good month in business as payrolls increase
February saw a slight uptick in private payrolls
This past February, private payrolls in the U.S. rose by 183,000. This follows January’s number of 300,000, which was 85,000 more than analysts had anticipated. The numbers are indicative of positive employment growth and are getting 2019 off to a great start.
Since last December, there has been an average of 240,000 non-farm payroll additions each month. Last month, the biggest gains were seen in the business and professional services sector, which added 49,000 jobs. Health services and education followed with 39,000 and construction saw 25,000 more jobs than a month before.
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