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- U.S. ADP Employment Report: private sector adds 200,000 jobs in March
U.S. ADP Employment Report: private sector adds 200,000 jobs in March
Private sector in the U.S. added 200,000 jobs in March, according the ADP report on Wednesday. February's figure was revised down to 205,000 jobs from a previous reading of 214,000 jobs.
Analysts expected the private sector to add 194,000 jobs.
Services sector added 191,000 jobs in March, while goods-producing sector added 9,000.
"The job market continues on its amazing streak. The March job gain of 200,000 is consistent with average monthly job growth of the past more than four years. The only industry reducing payrolls is energy as has been the case for over a year. All indications are that the job machine will remain in high gear," the Chief Economist of Moody's Analytics Mark Zandi said.
Official labour market data will be released on Friday. Analysts expect that U.S. unemployment rate is expected to remain unchanged at 4.9% in March. The U.S. economy is expected to add 205,000 jobs in March, after adding 242,000 jobs in February.
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