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Hiring at U.S. companies picked up momentum in March

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A private survey shows that U.S. companies increased hiring at a healthy pace last month, suggesting that the jobs market is recovering from a brutal winter.

Payroll processer ADP says private employers added 191,000 jobs in March. ADP also revised February's job creation up to 153,000 from an originally reported 139,000.

The construction industry added 20,000 jobs in March, up from an average 16,000 the previous three months. Financial firms added 5,000 jobs, the most since November. Hiring was healthy across most industries and businesses of different sizes.

The numbers suggest that the government's jobs report for March, to be released Friday, will show stronger hiring. Economists forecast the government will report that employers added 195,000 jobs last month. That would be the strongest one-month gain since November.

The ADP numbers cover only private businesses and often diverge from the government's more comprehensive report.

The economy appears to be gaining some momentum after an unusually cold and snowy winter. On Tuesday, the Institute for Supply Management, a group of purchasing managers, reported that U.S. manufacturing grew at a slightly faster pace last month as factory output bounced back from disruptions caused by severe winter weather.

U.S. auto sales rose 6 percent to 1.5 million vehicles last month, far outpacing analysts' expectations. The sales pace was the fastest since November, according to Autodata Corp.

Mark Zandi, chief economist at Moody's Analytics, which prepares the ADP numbers, said the hiring last month was "very consistent with the kind of job growth we were getting before the winter months and is suggestive of economic growth of somewhere around 3 percent" at an annual rate. The economy grew a sluggish 1.9 percent last year.

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  1. From the story: "The city of Indianapolis also will consider tax incentives and funding for infrastructure required for the project, according to IEDC." Why would the City need to consider additional tax incentives when Lowe's has already bought the land and reached an agreement with IEDC to bring the jobs? What that tells me is that the City has already pledged the incentives, unofficially, and they just haven't had time to push it through the MDC yet. Either way, subsidizing $10/hour jobs is going to do nothing toward furthering the Mayor's stated goal of attracting middle and upper-middle class residents to Marion County.

  2. Ron Spencer and the entire staff of Theater on the Square embraced IndyFringe when it came to Mass Ave in 2005. TOTS was not only a venue but Ron and his friends created, presented and appeared in shows which embraced the 'spirit of the fringe'. He's weathered all the storms and kept smiling ... bon voyage and thank you.

  3. Not sure how many sushi restaurants are enough, but there are three that I know of in various parts of downtown proper and all are pretty good.

  4. First off, it's "moron," not "moran." 2nd, YOU don't get to vote on someone else's rights and freedoms that are guaranteed by the US Constitution. That's why this is not a state's rights issue...putting something like this to vote by, well, people like you who are quite clearly intellectually challenged isn't necessary since the 14th amendment has already decided the issue. Which is why Indiana's effort is a wasted one and a waste of money...and will be overturned just like this has in every other state.

  5. Rick, how does granting theright to marry to people choosing to marry same-sex partners harm the lives of those who choose not to? I cannot for the life of me see any harm to people who choose not to marry someone of the same sex. We understand your choice to take the parts of the bible literally in your life. That is fine but why force your religious beliefs on others? I'm hoping the judges do the right thing and declare the ban unconstitutional so all citizens of Wisconsin and Indiana have the same marriage rights and that those who chose someone of the same sex do not have less rights than others.

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