The ADP Employment Change Report for March showed private sector employment increasing by 145,000 (consensus 205,000) following an upwardly revised 261,000 (from 242,000) in February. Weak pockets included manufacturing (-30,000), financial activities (-51,000), professional/business services (-46,000), and information (-7,000).
ADP Jobs Report Adds Just 145K Jobs in March with Financial Industry and Technology Layoffs