ADP Says US Created 201k Jobs in March

The employment report created by Payroll services company ADP shows the US economy added 201,000 jobs in March. The Friday’s Non-Farm Payroll report is expected to reveal an increase of 210,000 new jobs.

“This data is pointing to a turnaround in labor-market conditions,” Joel Prakken, chairman of Macroeconomic Advisers LLC in St. Louis, which produces the report in conjunction with ADP, said in a conference call with reporters. “It’s pretty clear that employment now has in fact accelerated. Equally encouraging is the breadth of the strength.”

Source: Bloomberg

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.