Hiring
picked up in March according to the latest ADP National Employment Report. The report
indicates that the effects of the unusually harsh winter weather on job growth
is fading.
According to ADP, domestic
private employers added 191,000 workers in March, slightly below economists'
expectations, while gains in the prior month were revised higher.
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.
The report is jointly
developed with Moody's Analytics.
Click
here for the original article from Reuters.