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Private sector job growth rises more than expected in March

Hiring by U.S. companies rose more than expected in March as the labor market remained resilient even in the face of higher interest rates, according to the ADP National Employment Report released Wednesday morning. Companies added 184,000 jobs last month, beating both the upwardly revised February gain of 155,000 and the 148,000 increase that economists surveyed by LSEG predicted. It marks the best month for…