ADP: U.S. Private Sector Hiring Slowed In March

ADP report private sector March jobsNEW YORK -- U.S. private employers added 158,000 jobs in March, the smallest gain in five months and falling short of analyst expectations, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 200,000 jobs. The report came in below the lowest estimates in a poll by Reuters and was the smallest gain since October.
Revisions to February's jobs gains were more positive, with the private payrolls figure raised to an increase of 237,000 from the previously reported 198,000, though January was revised down to 177,000 from 215,000.

The euro extended gains against the dollar immediately following the report, while Treasury bonds turned higher. U.S. stock index futures saw little reaction around flat levels.

The ADP report, which is jointly developed with Moody's Analytics, comes ahead of the government's more comprehensive labor market report on Friday.

That report includes both public and private sector employment and is expected to show a gain in overall nonfarm payrolls of 200,000 last month, while the unemployment rate is seen holding steady at 7.7 percent.

"It tilts the risk in that [weaker] direction for Friday's payroll numbers," Jim O'Sullivan, chief U.S. economist at High Frequency Economics in Valhalla, N.Y., said of the ADP report.

"It doesn't mean the trend of job growth has suddenly slowed, but that's what people are worried about."

Economists often refer to the ADP report to fine-tune their expectations for the payrolls numbers, though it is not always accurate in predicting the outcome.
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Sully

In the words of Hillary Clinton, "What difference does it make?!?!?!"

April 04 2013 at 11:22 AM Report abuse +1 rate up rate down Reply
mastercraftmyers

I'm confused again!!!! Sorry ADD
President Obama said He would concentrate on Jobs in 2008. The #1 Priority
#1 Priority in 2008= JOBS JOBS, JOBS. That's all we heard!!!!!!
2009= JOBS Shifted priority to Obamacare, Jobs not important
2010 = JOBS Shifted priority to Obamacare, Jobs not important
2011 = JOBS Shifted priority to Obamacare. Jobs not important
2012 = JOBS Shifted priority to Obamacare. Jobs not important
New Term 2013 = JOBS Shifted priority to Gun Control & Immigration Jobs not important
I'm starting to see a TREND, Let's say we are concerned about JOBS but do something else
Any guess what the #1 Priority will be in 2014?????? ( Not what Obama says, what he does )

April 04 2013 at 9:12 AM Report abuse +2 rate up rate down Reply
pcny1953

No kidding, really? While car sales were up?

April 04 2013 at 6:18 AM Report abuse rate up rate down Reply
rebecca jean

nothing new here been going on awhile...but the adm will tell us differently

April 04 2013 at 6:12 AM Report abuse +1 rate up rate down Reply
rovpoolman

Some of us have seen cooked numbers for a while now.

April 04 2013 at 1:15 AM Report abuse +4 rate up rate down Reply
ansonlytle

Now we know what "progress" looks like

April 04 2013 at 12:48 AM Report abuse +6 rate up rate down Reply
Nestor

Notice how few liberals are posting on this. Even they can't spin the truth of our poor economy and lying government numbers.

April 03 2013 at 11:31 PM Report abuse +6 rate up rate down Reply
straveler222

I wish I could find the words to explain that the jobs report has never been up since 2008, and as long as the liberals are in charge it never will be, cooking the books to make BamBam look good has been ging on since day one, if you add the real unemployment with the people that gave up looking or filing with the labor board, the unemployment in this country is close to 20% , once again, my BS meter is going nuts.

April 03 2013 at 9:54 PM Report abuse +2 rate up rate down Reply
trptdr

No doubt, it is Bush's fault, right?

April 03 2013 at 9:13 PM Report abuse +1 rate up rate down Reply
1 reply to trptdr's comment
John Perry

Darn that Bush!
The bum left obama with an annual average unemployment rate of 5.4%.
2006 and 07 were UNDER 5%.

Terrible what he did to obama.

April 03 2013 at 10:50 PM Report abuse +6 rate up rate down Reply
1 reply to John Perry's comment
Joan

The big spender cannot blame Bush for this one. Obama's solution is welfare and food stamps for everyone!

April 03 2013 at 11:04 PM Report abuse +6 rate up rate down
Conrad Sr.

AMAZINGLY,,,FEDS ONLY MISSED IT BY 42,000.....AND THEY ARE OVER SPENDING BY THE SAME AMOUNT???42%..

April 03 2013 at 8:25 PM Report abuse +2 rate up rate down Reply

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