More positive news on the labor market. ADP Employer Services reported this morning employment in the private sector increased by 209,000 jobs for the month of March after a revised gain of 230,000 in February. This shows businesses are expanding their payrolls, leading to a strengthening in the labor market. According to Bloomberg, economists expect the Labor Department to report 215,000 jobs were added in the month of March and the unemployment rate to stay steady at 8.3%.This news hasn’t caused much stirring in the markets before open. In premarket trading all major indices are down almost a percent each.
