ADP: Private Payroll growth beats estimates for March

NightFox

Wildling
Jul 20, 2013
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North beyond the Wall
Source: CNBC US Home
Article: BANG! Another big month for job creation in March, ADP says

"Companies added 263,000 jobs for the month, ADP and Moody's Analytics said. That was well above the 185,000 expected from economists surveyed by Reuters and also better than the 245,000 reported for February."

"Job growth is off to a strong start in 2017," Mark Zandi, chief economist of Moody's Analytics, said in a statement. "The gains are broad-based but most notable in the goods producing side of the economy including construction, manufacturing and mining."

Some good economic news here, March numbers came in WAY better than expected even in the face of foul weather during the month. I can grudgingly give the Republicans in Congress some credit due to their clever use of the Congressional Review Act to provide some regulatory relief as well as to the Trump Administration's focus on bringing back domestic production since the numbers indicate a significant uptick in goods producing and construction jobs, hopefully this trend holds.

I guess we'll see on Friday if the U.S. Labor Departments numbers support the numbers in the ADP report.
 

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