KEY POINTS
Companies added 155,000 jobs in March, a sharp increase from the upwardly revised 84,000 in February and better than the Dow Jones forecast for 120,000, according to ADP.
On the wage side, earnings rose by 4.6% year over year for those staying in their positions and 6.5% for job changers. The gap between the two matched a series low.
Amidst the blah blah blah about tarrifs and stagflation, this has come as a positive sign to US economy.
Although the projections were too low, the final numbers are pretty encouraging. Does the increase in earnings reflect US is keeping pace with inflation??