ADP February employment +140K vs +150K expected ...Middle East

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Prior was +107K (revised to +111K)Full reportThe median change in annual pay:Job stayers 5.1% versus 5.2% last monthJob changers 7.6% versus 7.2% last monthStrong sectors were construction, trade/transport/utilities, financial services and leisure/hospitality. Weak spots were natural resources and information.“Job gains remain solid. Pay gains are trending lower but are still above inflation,” said Nela Richardson, chief economist, ADP. “In short, the labor market is dynamic, but doesn't tip the scales in terms of a Fed rate decision this year.” This article was written by Adam Button at www.forexlive.com.

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