Private Payroll Growth Tops Estimate

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Private job creation rose at a faster-than-expected clip in February, according to a count released Wednesday from payrolls processing firm ADP.

Companies added 475,000 positions for the month, better than the Dow Jones estimate for 400,000.

ADP also dramatically revised its January count, from an initially reported loss of 301,000 to a gain of 509,000. That upward revision of 810,000 brought the tally more closely in line with the Labor Department count for the month of a 467,000 gain.

To read the full CNBC story, click here.

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