Janine Koselda

Job creation by private employers bounced back last month.

Payroll processing company ADP says private sector employment increased by 63,000 in February.

Pay is up 4.5% for the year.

ADP's chief economist, Dr. Neela Richardson, says she's seeing an increase in hiring and pay gains remain solid, especially for people staying in their jobs.

The premium pay for switching jobs hit a record low in February.

Construction, education, and health services employers were hiring last month, and small businesses added jobs.

The ADP report is not considered a preview of the monthly employment report,

which will be released on Friday.

Janine Koselda, Fox News.

Americans were spending more than expected as the holiday shopping season officially kicked off.

Retail sales rose six-tenths of a percent in November, excluding autos, the increase was half a percent.

Readings on prices at the wholesale level for November are mixed.

The producer price index rose only two-tenths of a percent, but rose to three percent for the year ending in November.

Core PPI, excluding food and energy, was flat in November, but for the year it also rose three percent.

Reports were delayed by last year's government shutdown.

Janine Koselda, Fox News.