Two days ahead of the government's monthly job report, a report on private payroll growth in March by ADP
clocked in at a seasonally adjusted 209,000. That was slightly above consensus of analysts surveyed ahead of the report. Although the monthly ADP report and the monthly report from the Bureau of Labor Statistics aren't always a good match, they both trend in the same direction. Analysts expect the BLS to report job growth at 201,000 Friday:
Employment in the U.S. nonfarm private business sector increased by 209,000 from February to March on a seasonally adjusted basis. Estimated gains for previous months were revised higher; the gain from December to January was revised up by 9,000 to 182,000, and the gain from January to February was revised up by 14,000 to 230,000.
Employment in the private, service-providing sector increased 164,000 in March, after rising a revised 183,000 in February. Employment in the private, goods-producing sector rose 45,000 in March. Manufacturing employment added 23,000 jobs.