The latest jobs report shows more than 200,000 jobs were added in the private sector in March. Analysts seem mixed on whether this is good news or not.
The report from Automatic Data Processing shows 201,000 jobs were added this month. On one hand, Forbes points out it "sustained momentum" from February, when 208,000 jobs came into the private sector.
But the magazine said the consensus estimate was for 205,000 jobs, so the report shows "slightly weaker than expected growth in the U.S. labor market."
But there are indications that companies are getting ready to hire. Forbes writes:
Consultancy firm Challenger, Gray & Christmas showed that job cuts in the private sector were down 18% in March with 41,000 jobs from 50,000 jobs cut in February. Job cuts were down 39% in March from the same month last year. Job cuts are being dominated by the public sector, where 19,000 jobs were cut in March, a 17% increase from February, as state governments struggle to balance budgets.
The government will deliver its jobs report on Friday, with new jobs expected to be anywhere in the range of 175,000 and 290,000.