Companies added fewer workers than projected in March, held back by limited hiring in construction, according to a private report based on payrolls.
The 158,000 increase in employment was the smallest since October and followed a revised 237,000 gain the prior month, figures from the Roseland, New Jersey-based ADP Research Institute showed today. The median forecast of 39 economists surveyed by Bloomberg called for a 200,000 advance.
Companies added fewer workers than projected in March, held back by limited hiring in construction, according to a private report based on payrolls.
Stock-index futures were little changed after the report, trimming earlier gains. The contract on the Standard & Poor’s 500 Index maturing in June rose less than 0.1 percent to 1,564.5 at 8:34 a.m. in New York.
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Dean Popplewell
He has a deep understanding of market fundamentals and the impact of global events on capital markets.
He is respected among professional traders for his skilled analysis and career history as global head
of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean
has played an instrumental role in driving awareness of the forex market as an emerging asset class
for retail investors, as well as providing expert counsel to a number of internal teams on how to best
serve clients and industry stakeholders.
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