Tag: Jon Barsanti

March Jobs Report Rebound

The March Jobs number rebounded from the “weak” headline number last month. Last month the Current Employment Statistics (CES) worker data was “weak” and the Current Population Survey (CPS) jobs data was strong. This month the CES data was strong and the CPS data was weak. Long term we are seeing full-time jobs replace part-time jobs.

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March ADP Surprised

Last month the ADP report came in much stronger than the monthly employment situation report from the government. This month the January and February ADP data was revised lower. This month instead of expansion in Manufacturing, Construction and Financial Services we saw the ADP data contract.