Private sector employment increased by 200,000 jobs from February to March according to the March ADP National Employment Report. Increase by 193,000. "The Trade, Transportation and Utilities sector had its best month of employment gains since last June,” said Ahu Yildirmaz, VP and head of the ADP Research Institute. “Steady employment growth and accelerating wage growth in the workforce appear to be benefitting the Trade segment in particular.”
Mark Zandi, chief economist of Moody’s Analytics, said, “The job market continues on its amazing streak. The March job gain of 200,000 is consistent with average monthly job growth of the past more than four years. The only industry reducing payrolls is energy as has been the case for over a year. All indications are that the job machine will remain in high gear.
Euro is currently being traded at 1.1310 level, Sterling is at 1.44 handle, Aussie is at 0.7660 area.
