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) 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.

No injuries or accidents have been reported, according to Subaru. The problem was discovered during internal testing.

Subaru said any vehicles where leaks are found will have their brake lines replaced. If no leak is found in a vehicle, an anti-corrosion wax will be applied.

Affected cars were sold or are registered in Connecticut, Delaware, Illinois, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, West Virginia, Wisconsin and Washington, D.C. Subaru said it sold more than 400,000 Legacy and Outback vehicles from 2005 to 2009 but only 200,000 are expected to be affected by the recall.

The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.

Brittany joined TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

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