Wall Street held steady after payroll processor ADP said the U.S. private sector added 191,000 jobs in March, slightly missing economists’ forecasts for a gain of 195,000.
The privately conducted jobs report is a prelude to the more closely-watched and market-influencing government jobs report, which is scheduled to be released by the Bureau of Labor Statistics on Friday. Economists forecast the U.S. economy added 195,000 jobs in March, increasing slightly from 175,000 in February.
The unemployment rate adjusted to exclude those workers who have dropped out of the labor force, is expected to tick down to 6.6 percent from 6.7 percent.
