US March ADP Non-Farm Employment 155,000 Jobs…Significantly Exceeds Wall Street Expectations

Son Min

Summary

It was reported that the US March ADP non-farm employment index significantly exceeded expectations.
The number of new jobs recorded 155,000, surpassing both the expected and previous month's figures.
This report is noted as a predictor of government non-farm employment changes.

The US March ADP (Automatic Data Processing) non-farm employment index significantly exceeded Wall Street expectations.

According to the National Employment Report released by ADP in the US on the 2nd (local time), March private sector new job employment was 155,000, greatly surpassing the expected 118,000 and last month's revised figure of 84,000.

The ADP National Employment Report is a measure of employment change based on payroll data from about 400,000 US business clients of ADP, and it is used as a predictor of government non-farm employment changes because it is released before government data.