Private Payrolls Better-Than-Hoped Signals Strong Labor Market
February 14, 2020 at 08:00 AM EST
Market investors are still watching whether the extended bull rally is on its last legs, but they’re waiting, the economic fundamentals still show signs of strength. Private payrolls rose by 291,000 during the month of January, which constituted its best month since May 2015, based on data from ADP and Moody’s Analytics.