- US: Construction (Feb), ADP Employment Report (Mar)
- US: Help Wanted OnLine (Mar)
- US: ISM Manufacturing (Mar)
- US: New York Fed Coincident Indexes (Feb)
- Russia: Currency Intervention (Mar); Estonia: Industrial Sales, Industrial Orders (Feb); Hungary: Foreign Trade (Jan), General Government Budget (Q4); Ukraine: State Treasury Account (Apr); Kazakhstan: CPI, PPI (Mar)
- Brazil: Now-Casting Economic Activity Index (Apr)
- more updates...
Economy in Brief
U.S. Consumer Confidence Recovers
The Conference Board's Consumer Confidence Index improved to 101.3 in March (20.7% y/y) and made up half of last month's decline to 98.8...
U.S. Gasoline Prices Under Pressure Due to Excess Supply
Gasoline prices dipped a penny last week to $2.45 cents per gallon and remained down by roughly one-third versus a year ago...
Chicago Purchasing Managers Index Stabilizes
Chicago purchasing managers reported that their March Business Barometer Index moved up to 46.3 this month following a sharp decline to an unrevised 45.8 in February...
Unemployment Rates Still Drop in Euro Area
Germany remains a world apart from the rest of the European Monetary Union members as its unemployment rate is less than half the average for the community...
U.S. Personal Income Increase Continues to Outpace Spending
Personal income rose 0.4% during February (4.5% y/y) following a revised 0.4% January increase...
Dallas Fed Factory Sector Activity Erodes Further
The Dallas Fed reported that its March Composite index of factory sector activity deteriorated to -17.4...
by Tom Moeller April 1, 2015
The ADP/Moody's National Employment Report reported that nonfarm private sector payrolls increased 189,000 during March following a 214,000 improvement in February, revised from 212,000. The latest gain was the weakest since January of last year. It disappointed consensus expectations for a 225,000 rise in the Action Economics Forecast Survey.
The ADP survey is based on ADP's business payroll transaction system covering 411,000 companies and nearly 24 million employees. The data are processed by Moody's Analytics Inc., then calibrated and aligned with the BLS establishment survey data.
Medium sized payrolls rose a modest 62,000 increase (2.4% y/y), nearly the weakest gain in six months. Large firms posted a 19,000 rise (2.1% y/y), the easiest increase since a decline in October. Small sized payrolls improved 108,000 (2.7% y/y), a slight pickup from gains during the prior two months.
Employment in the goods producing sector nudged up 5,000 (2.4% y/y), the weakest gain since August of 2012. Jobs in the service sector increased a modest 184,000 (2.5% y/y), on a par with the prior two months. Professional & business employment gained 40,000 (3.3% y/y). Jobs in trade, transportation & utilities increased 25,000 (1.8% y/y) while employment in the financial sector improved 16,000 (1.8% y/y).
Construction sector employment grew 17,000 (5.1% y/y), the weakest rise since May. The number of manufacturing sector jobs declined 1,000 (+1.3% y/y), the first decline since January of last year.
The ADP National Employment Report data are maintained in Haver's USECON database; historical figures date back to April 2001. The figures in this report cover jobs only in the private sector. The expectation figure is available in Haver's AS1REPNA database.
|ADP/Moody's National Employment Report||Mar||Feb||Jan||Y/Y||2014||2013||2012|
|Nonfarm Private Payroll Employment (m/m chg, 000s)||189||214||220||2.5%||2.3%||1.9%||2.3%|
|Small Payroll (1-49)||108||103||92||2.7||2.1||1.9||2.5|
|Medium Payroll (50-499)||62||57||91||2.4||2.8||2.2||2.1|
|Large Payroll (>500)||19||53||37||2.1||1.8||1.6||2.1|