FYI: The latest print of ADP Private Payrolls for the month of March came in at 263.5K, marking the third straight month that the US economy has created more than 240K private sector jobs. To find the last time we saw that, you have to go all the way back to late 2005/early 2006. The chart below shows the three-month moving average of ADP Private Payrolls going back to its beginning in 2002. As shown, from a peak in mid-2014, the pace of job growth had been gradually drifting lower. However, after a double-bottom in October, job growth has been accelerating once again. At its current level of 253K, job growth is at its highest level since June 2014.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/adp-private-payrolls-smash-expectations/
