US Private Sector Added 191,000 Jobs In March

U.S. companies picked up the pace of hiring in March, signaling the dampening effects of harsh winter weather on job growth may be fading, a report by a payrolls processor showed on Wednesday.

Domestic private employers added 191,000 workers in March, slightly below economists’ expectations, while gains in the prior month were revised higher, the ADP National Employment Report showed.

“It was a nice spring rebound and we had an upward revision for February,” said Yelena Shulyatyeva, an economist with BNP Paribas in New York.

Economists surveyed by Reuters had forecast the ADP jobs report likely showed a gain of 195,000 jobs.

Private payrolls for February were adjusted higher to a gain of 178,000 from the previously reported 139,000.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza