March 31, 2010
Private payrolls unexpectedly fell by 23,000 in March, according to ADP. The survey tallies only private-sector jobs, while government data to be released Friday include government workers and is expected to show gains.
Private payrolls unexpectedly fell in March, according to data released Wednesday.
Private-sector jobs in the U.S. dropped by 23,000 this month, according to a national employment report published Wednesday by payroll giant Automatic Data Processing Inc. and consultancy firm Macroeconomic Advisers.
The ADP survey tallies only private-sector jobs, while the Bureau of Labor Statistics' nonfarm payroll data, to be released Friday, include government workers. The addition of workers for the 2010 census is expected to lift federal government payrolls.
The ADP number compares with a 50,000 gain projected by economists in a Dow Jones Newswires survey. The change in employment from January 2010 to February 2010 was revised down slightly, from a decline of 20,000 to a decline of 24,000.
Economists surveyed by Dow Jones expect the BLS will report March payrolls jumped by 200,000 jobs, following a drop of 36,000 in February when blizzards along the East Coast cut into business hours and kept workers snowed in at home.
The March unemployment rate is projected to remain at 9.7%.
The latest ADP report showed large businesses with 500 employees or more shed 7,000 and medium-size businesses lost 4,000 workers in March. Small businesses that employ fewer than 50 workers cut 12,000 jobs.
Service-sector jobs added 28,000, while factory jobs fell by 9,000 in March.
ADP, of Roseland, N.J., says it processes payments of one in six U.S. workers, while Macroeconomic Advisers, based in St. Louis, is an economic-consulting firm.
Another Wednesday job reports was more optimistic than ADP. TrimTabs Investment Research estimated the U.S. economy added 280,000 jobs in March.
"While the Census Bureau's hiring of temporary workers was responsible for most of the employment growth, the private sector finally started adding employees," said Charles Biderman, chief executive of TrimTabs.
TrimTabs bases its employment estimates on an analysis of daily income tax deposits to the U.S. Treasury from all salaried employees.
Private payrolls unexpectedly fell by 23,000 in March, according to ADP. The survey tallies only private-sector jobs, while government data to be released Friday include government workers and is expected to show gains.
Private payrolls unexpectedly fell in March, according to data released Wednesday.
Private-sector jobs in the U.S. dropped by 23,000 this month, according to a national employment report published Wednesday by payroll giant Automatic Data Processing Inc. and consultancy firm Macroeconomic Advisers.
The ADP survey tallies only private-sector jobs, while the Bureau of Labor Statistics' nonfarm payroll data, to be released Friday, include government workers. The addition of workers for the 2010 census is expected to lift federal government payrolls.
The ADP number compares with a 50,000 gain projected by economists in a Dow Jones Newswires survey. The change in employment from January 2010 to February 2010 was revised down slightly, from a decline of 20,000 to a decline of 24,000.
Economists surveyed by Dow Jones expect the BLS will report March payrolls jumped by 200,000 jobs, following a drop of 36,000 in February when blizzards along the East Coast cut into business hours and kept workers snowed in at home.
The March unemployment rate is projected to remain at 9.7%.
The latest ADP report showed large businesses with 500 employees or more shed 7,000 and medium-size businesses lost 4,000 workers in March. Small businesses that employ fewer than 50 workers cut 12,000 jobs.
Service-sector jobs added 28,000, while factory jobs fell by 9,000 in March.
ADP, of Roseland, N.J., says it processes payments of one in six U.S. workers, while Macroeconomic Advisers, based in St. Louis, is an economic-consulting firm.
Another Wednesday job reports was more optimistic than ADP. TrimTabs Investment Research estimated the U.S. economy added 280,000 jobs in March.
"While the Census Bureau's hiring of temporary workers was responsible for most of the employment growth, the private sector finally started adding employees," said Charles Biderman, chief executive of TrimTabs.
TrimTabs bases its employment estimates on an analysis of daily income tax deposits to the U.S. Treasury from all salaried employees.
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