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As Hiring Slows, US Jobs Concentrated In Small Firms, Services
US private sector employers added 145,000 jobs in March, ADP said Wednesday.
That was well below expectations. Consensus wanted 210,000 from their NFP appetizer.
The range of estimates was 160,000 to 250,000, so the actual print was below the lowest guess. In the context of a tight labor market and too-hot wage growth, you could sell this to yourself as good news if you're in the mood to buy risk assets. That said, the mood across markets felt a bit subdued early this week in what I'd call a h
That number is probably above stall speed for the economy. Most economic analysts think 100-125 growth is required to absorb population growth. Below 100 gets rising unemployment….