U.S. Employers Create Fewer Jobs Than Expected in March
U.S. private employers added 158,000 jobs in March, falling short of analyst expectations, a report by ADP showed Wednesday.
payrolls
Take the ADP Jobs Number With a Boulder of Salt
ADP excludes government jobs. It's also notoriously volatile and has a history of big misses in forecasting the official Labor Department payroll report. But perhaps most important is that it just doesn't jibe with other recent data points -- or the recovery's pace.
Private Sector Jobs Jumped by 297,000 in December
ADP's latest report showed a total that was nearly triple what economists were expecting. It's only one month's data, and it's too soon to call it a hiring boom. However, the report offers more hope and some evidence that the nation's long job drought is ending.
Stocks Vault on Job Gains and Global Data
The Dow jumped skyward on Wednesday as stocks rallied around the globe on a stream of strong economic news, both abroad and in the U.S. A less anxious outlook for European sovereign debt also helped.
Wall Street Kicks Off September With a Rally
Stocks started a traditionally tough month for the market with sharp gains Wednesday after a key report on U.S. manufacturing came in much better than expected. The major indexes rose over 2.5%.
