While we’re awaiting the Department of Labor’s job report, there’s good news on the hiring front. According to payroll processor ADP, businesses have added 191,000 jobs in March — not too shabby!
This shows the job market may have bounced back from a weak winter and bad weather which significantly impacted businesses across the country.
According to a piece in USA Today, economists had forecasted a gain of 189,000 jobs in the ADP report. The same economists are expecting 195,000 gains according to the government’s report covering business, federal, state and local government jobs.
Mark Zandi, chief economist at Moody’s Analytics, explained in the piece, “The job market is coming out from its deep winter slumber. Even better numbers are likely in coming months as the weather warms.”