The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Washington (AFP) – U.S. businesses added 191,000 jobs in March, returning to the level of job growth seen in December before bad winter weather hit the economy, payrolls firm ADP said Wednesday.

March job growth in the private sector was slightly above the 12-month average, but came in well below the consensus forecast of 215,000 net new jobs.

The February number was revised up by 39,000 to 178,000 jobs.

“The job market is coming out from its deep winter slumber. Job gains are consistent with the pace prior to the brutal winter. The gains are broad-based across industries and business size classes,” said Mark Zandi, chief economist of Moody’s Analytics, which helps to compile the monthly report.

The modest payrolls data came ahead of Friday’s March jobs report from the Labor Department.

Analysts on average estimate the world’s largest economy added 195,000 jobs last month in both the public and private sectors, after 175,000 in February.

The unemployment rate is expected to tick downward to 6.6 percent from 6.7 percent.

“Our first hint of how U.S. payrolls fared in March wasn’t particularly downbeat, but it wasn’t particularly inspirational, either,” said Jennifer Lee, senior economist at BMO Capital Markets.

Lee noted that the breadth of the job gains suggested “that companies are returning to a more normal hiring pace after a few hard-hit months. That, in itself, is good news.”

AFP Photo/Andrew Burton

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Randy Rainbow Trolls Trump With New Parody

Image via YouTube

Randy Rainbow is back with a fresh song parody, "Lock Him Up Yesterday."

Set to the tune of “Yesterday” by Paul McCartney and John Lennon, it pokes fun at Donald Trump for claiming the actual word “yesterday” is a “hard” word for him to pronounce clearly.

Keep reading... Show less

Former Vice President Mike Pence, left, and former President Donald Trump

Youtube Screenshot

Former Vice President Mike Pence, asked if he would testify before the House Select Committee on the January 6 Attack, said if invited he would “consider” participating.

“If there’s an invitation to participate, I would consider it,” Pence said Wednesday morning at a political event in New Hampshire, a state presidential hopefuls visit early and often. “It would be unprecedented in history for a vice president to be summoned to testify on Capitol Hill, but as I’ve said, I don’t want to prejudge.”

Keep reading... Show less
{{ post.roar_specific_data.api_data.analytics }}