This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

ADP Says Private Employers Add 158,000 Jobs in March: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include ADP report after the payrolls processor said that private employers added 158,000 jobs in March, the fewest in five months and below economists' expectations of 200,000 jobs.

In February, private employers added 237,000 jobs and 177,000 were added in January.

The figures were held back by stalled hiring in the construction sector, where no jobs were added despite average monthly gains of 29,000 in the three months before, likely tied to rebuilding efforts after Hurricane Sandy.

The report comes ahead of of the government's labor market report on Friday, which accounts for both public and private employment. It's expected that the labor market report will show a gain in overall nonfarm payrolls of 200,000 last month, with the unemployment rate holding steady at 7.7%, although the ADP report suggests that the government's figures may come in below forecasts.

Monsanto (MON - Get Report) is trending after the seedmaker reported a 22% increase in fiscal second-quarter profit, beating expectations.

The company reported earnings of $1.48 billion, or $2.74 a share, last quarter, compared to a profit of $1.21 billion, or $2.24 a share, a year ago. Excluding items, the company earned $2.73 a share, exceeding analysts' expectations of earnings of $2.58 a share.

Monsanto's better-than-expected earnings were driven by solid cord seed and trait sales, which increased 16.5% from a year ago to $3.28 billion.

The company raised its full-year guidance to earnings per share of $4.40 to $4.50 in the full year. Analysts had been looking for earnings of $4.58. It also confirmed free cash flow guidance of $1.8 billion to $2 billion.

Subaru is another popular search. The automaker is recalling about 200,000 Legacy and Outback vehicles due to brake problems.

The recall pertains to model years 2005 through 2009 and vehicles sold in 20 states and Washington, D.C.

Subaru said it is issuing the recall as salty water can cause the brake lines to rust and leak fluid. If that occurs, vehicles may have trouble stopping, which could lead to an accident.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MON $88.13 0.48%
AAPL $111.02 0.22%
FB $92.61 -1.50%
GOOG $637.56 -0.61%
TSLA $236.27 -4.00%


Chart of I:DJI
DOW 16,776.16 -0.27 -0.00%
S&P 500 1,976.97 -10.08 -0.51%
NASDAQ 4,729.1580 -52.1060 -1.09%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs