ADP Shows Big Surprise Job Gains As Bank Crisis Continues

The ADP private payrolls report surprised everyone this morning when it showed the economy adding 296,000 jobs in April despite the ongoing crisis in the financial system. This comes comes just as the Federal Reserve is set to hike interest rates yet again, amid the ongoing collapse of regional banks that has seen the second, third, and fourth largest bank failures in US history and the possibility of more to come.

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