Better-Than-Expected Private Payrolls for March

Yesterday in this space, we discussed new JOLTS numbers for February — roughly flat with expectations, just under 8.8 million openings, with a 2.2% quit rate — but our current Jobs Week really kicks off with today’s private-sector payroll report for March from Automatic Data Processing (ADP) . Today’s headline is decidedly hotter than expected: 184K new private-sector jobs were created last month, well above the 155K projected. The previous month’s originally reported 140K bumps up to this month’s estimate, ...