ADP: Private Employment Increased 145,000 in March

From ADP: ADP National Employment Report: Private Sector Employment Increased by
242,000 Jobs in February; Annual Pay was Up 7.2%Private sector employment increased by 145,000 jobs in March and
annual pay was up 6.9 percent year-over-year, according to the March ADP® National Employment
ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab
(“Stanford Lab”)
…
“Our March payroll data is one of several signals that the economy is slowing,” said Nela Richardson,
chief economist, ADP. “Employers are pulling back from a year of strong hiring and pay growth, after a
three-month plateau, is inching down.”


emphasis addedThis was below the consensus forecast of 200,000. The BLS report will be released Friday, and the consensus is for 240 thousand non-farm payroll jobs added in March.