Private sector adds 201,000 jobs in March: ADP (Reuters)

Wednesday, March 30, 2011 7:01 AM By dwi

NEW YORK (Reuters) – U.S. clannish employers added 201,000 jobs in March, patch February's amount was revised down slightly, a inform by a payrolls processor showed on Wednesday.

The data was mostly in distinction with expectations. Economists surveyed by Reuters had prognosticate the nucleotide Employer Services inform would exhibit a acquire of 203,000 jobs. The inform is together matured with Macroeconomic Advisers LLC.

February's amount was revised down to 208,000 from 217,000.

"Basically the number was very such in distinction with expectations and shows that the fag feat continues at a commonsensible pace," said king Katz, honcho assets officer at Matrix Asset Advisors in New York.

"It looks like the U.S. economic feat continues, and the rising fag mart should be a pilot against anaemic areas like real estate."

U.S. Treasury prices rose modestly directly after the data and the U.S. note clipped gains against the euro and yen, patch U.S. have index futures remained higher.

The nucleotide figures become ahead of the government's such more broad fag mart inform on Friday, which includes both public and clannish facet employment.

That inform is due to exhibit the frugalness created most 190,000 jobs in March supported on a Reuters enquiry of analysts, patch clannish payrolls are prognosticate to uprise by 200,000.

Economists ofttimes intend to the nucleotide inform to fine-tune their expectations for the payrolls numbers, though it is not always accurate in predicting the outcome. (Reporting by Leah Schnurr, added reporting by Ryan Vlastelica)


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