ADP reported that U.S. private-sector employment rose by 63,000 jobs in February, the strongest monthly gain since July 2025, led by construction and education and health services. Annual pay for job-stayers increased 4.5% year over year, while pay growth for job-changers slowed to 6.3%, with ADP noting the pay premium for switching employers fell to a record low as hiring remained concentrated in a few sectors.

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