Just caught the ADP employment report from early March and private sector jobs growth actually beat expectations pretty hard. They added 63k positions in February when most were looking for around 48k. That's the strongest showing since summer 2025. Interesting part is where the growth came from though - education and health services picked up 58k jobs while construction added another 19k. Professional services actually lost 30k positions and manufacturing shed 5k, so it's pretty concentrated in just a couple sectors. The pay story is mixed. Job stayers saw 4.5 percent year-over-year growth, which held steady, but people switching employers only got 6.3 percent annualized - that's actually at a record low premium according to their data. So private sector jobs are being created but the real wage benefit from switching gigs isn't there like it used to be. The Labor Department's monthly report was coming up a couple days later and economists were expecting 60k new positions across both public and private sectors, with unemployment potentially ticking up to 4.4 percent. Anyway, private sector jobs numbers have been all over the place lately so this beat was worth noting.

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