WASHINGTON -- In an encouraging sign ahead of Friday's monthly employment report, a survey by a big payroll processing firm suggests that hiring may be picking up after the harsh winter.
ADP's analysis, conducted with
Economists are forecasting job growth of about 200,000 for March in the report to be released Friday by the Bureau of Labor Statistics. That report includes private- and public-sector jobs, as well as the nation's
Mark Zandi, chief economist at Moody's Analytics, said the latest ADP data could point to a spurt in hiring over the next few months as employers make up for jobs that were not filled, in part because of the brutal winter. Still, Zandi said it remains to be seen whether companies would show increased confidence by stepping up hiring and investments.
The Bureau of Labor Statistics previously said the economy added 175,000 jobs in February after adding 129,000 in January and just 84,000 in December.