US Firms Add 155,000 Jobs in ADP Data, More Than Forecast
Hiring at US companies accelerated last month, rebounding from a weak February marked by severe weather in some regions of the country.
Private-sector payrolls increased by 155,000 in March, according to ADP Research. The median estimate in a Bloomberg survey of economists called for a 120,000 gain.
“Despite policy uncertainty and downbeat consumers, the bottom line is this: The March topline number was a good one for the economy and employers of all sizes, if not necessarily all sectors,” Nela Richardson, chief economist at ADP, said in a statement.
Source: Bloomberg
