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Real Time Insight

This morning’s ADP report suggested a rebound in the jobs market after sluggish jobs growth seen earlier this year. Private-sector employment increased by 191,000 in March, slightly short of the consensus of 200,000, but much better than 121,000 in January and 178,000 in February (revised from 139,000).

While the pace of growth remains modest, the report (like other recent economic reports) does suggest that the weak data seen earlier this year can mostly be attributed to the brutal winter. Further, the growth seen was broad based across key industries.

Does the ADP report change your expectations for Friday’s non-farm payroll report and the economic growth in general?

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