“The pace of job creation by private employers accelerated more than expected in February, a report by a payrolls processor showed on Wednesday. The private sector added 216,000 jobs last month, the ADP National Employment Report showed, topping economists’ expectations for a gain of 208,000.” (Reuters)
About 120,000 new people enter the workforce each month.
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“Creating Jobs vs. Creating Wealth” by Dwight R. Lee