Private Payrolls Add 241K Jobs In March: ADP

ADP sees no let up for strength in the monthly employment report, calling for a 241,000 gain in March's private payrolls. This is the third straight outsized result for ADP and is far above Econoday's consensus for a 175,000 gain in the comparable government measure. The employment report has proven strong to robust over the last five reports, and if March makes for a sixth straight strong result then ADP may start getting new believers in its accuracy.