The employment report created by Payroll services company ADP shows the US economy added 201,000 jobs in March. The Friday’s Non-Farm Payroll report is expected to reveal an increase of 210,000 new jobs.
“This data is pointing to a turnaround in labor-market conditions,†Joel Prakken, chairman of Macroeconomic Advisers LLC in St. Louis, which produces the report in conjunction with ADP, said in a conference call with reporters. “It’s pretty clear that employment now has in fact accelerated. Equally encouraging is the breadth of the strength.â€Â
Source: Bloomberg
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