ADP March US employment +155K vs +115K expected

• Prior was +77K
• Goods producing +24K vs +42K prior
• Service providing +132K vs +36K prior
• Pay gains for job stayers 4.6% vs 4.7% prior
• Pay growth for job changers 6.5% vs 6.7% prior

This is a nice bounce back from a poor reading in February.

“Despite policy uncertainty and downbeat consumers, the bottom line is this: The March topline number was a good one for the economy and employers of all sizes, if not necessarily all sectors,” said Nela Richardson, chief economist, ADP