February Jobs Number CRUSHED Expectations; scrotes Disconcerted
Private-sector employment gained 198,000 private jobs in February. Economists expected the report to show a gain of between 170,000 - 175,000 private-sector jobs.
January’s readings were also revised higher to 215,000 private jobs, compared with a prior estimate of 192,000, payrolls. Job creation was spread evenly throughout businesses of different size; ADP reported that small businesses added 77,000 private jobs in February, medium businesses added 65,000 private jobs, and large businesses added 57,000 private jobs.
European stock markets extended a rally on Wednesday, a day after the region’s benchmark index scored a 4½ year record, with better-than-expected U.S. jobs data supporting sentiment.
U.S. stock index futures added to gains Wednesday following a better-than-expected private sector employment report and a day after the Dow Jones Industrial Average closed at a record high.