This Day On The Street
Continue to site
ADVERTISEMENT
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 Report Finds the Spring Jobs Thaw Is On



"We're at a point where businesses are going to start taking more risk,'' Zandi said. He also predicted the economy will reach full employment, with a 5.5% jobless rate, by late 2016 or early 2017 at the latest, he said.

The conviction is bolstered by newly announced improvements in manufacturing data, and especially reports that auto sales have rebounded to an annual pace of more than 16.3 million units, he said. The next step is to see a spring rebound in housing, which he said would drive improvement in small-business hiring. 

Job growth, as measured by ADP, fell by half between November and January. The March report shows that the monthly gains are still about 50,000 short of where they were when the economy began to cook in the fall.

If ADP is right, the March report is a crocus, and the larger blooms will be in plain sight by May. 

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

2 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
Submit an article to us!
SYM TRADE IT LAST %CHG
FB $78.81 -0.23%
GOOG $540.66 0.51%
TSLA $230.65 2.00%
YHOO $42.02 -1.20%
AAPL $128.73 -0.17%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.48 +6.19 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs