Widget Image
Follow PPD Social Media
Connect With PPD
Saturday, October 19, 2019
HomeNewsEconomyPayroll Processor ADP Says 191K Jobs Created In March, Market Hold Steady On Missed Data

Payroll Processor ADP Says 191K Jobs Created In March, Market Hold Steady On Missed Data

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.

Written by
Data Journalism Editor

Rich, the People's Pundit, is the Data Journalism Editor at PPD and Director of the PPD Election Projection Model. He is also the Director of Big Data Poll, and author of "Our Virtuous Republic: The Forgotten Clause in the American Social Contract."

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.