Private employers add 296K jobs, well above expectations ...Middle East

Hiring by private companies in the U.S. heated up in April, beating projections as federal officials attempt to use interest rates to cool down the economy and fight inflation. Private payrolls increased by 296,000 in April, according to the latest report by ADP, beating Dow Jones projections by more than 100,000 jobs and marking a rapid heating up from the 142,000 added in the previous month. The Federal Reserve has continued to raise interest rates in a bid to slow rising prices. The Fed even raised rates as fears over a string of bank collapses raised concerns over the continued hikes. The economy has added more than 800,000 jobs this year, according to ADP, signaling a resili

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