U.S. companies did more hiring than was expected in March, adding 155,000 jobs versus the 120,000 forecast by Dow Jones. The surprise payroll gains, reported by ADP on Wednesday, come amid concerns that the labor market and economy are being weighed down by weak consumer sentiment and a simmering trade war. Service providers accounted for 132,000 of the new positions. Meanwhile, annual wages rose 4.6% for workers who remained at their companies, and 6.5% for those who switched to a different employer.
Source: LinkedIn
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