— more to come
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The US was expected to report an increase of 180K positions in March after a meager increase of only 20K in February. Wages were projected to remain steady with an annual rise of 3.4% once again.
The disappointing data in February came after several outstanding months, and many believe it was a one-off event. However, with growing concerns about the economy and the risk of recession, the number is watched very closely. ADP reported a not-so-great increase of 129K private sector positions in March.
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