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Private sector added 155,000 jobs in March, above expectations, ADP says

1. ADP reported 155,000 jobs added in March, surpassing estimates. 2. March jobs data is above February’s revised figure of 84,000. 3. Annual pay increased 4.6%, indicating wage growth pressure. 4. Nela Richardson noted the jobs data is positive overall. 5. Policy uncertainty continues to loom over the economy.

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FAQ

Why Bullish?

Strong job growth above estimates can boost consumer spending, a positive for S&P 500.

How important is it?

Job growth indicates economic resilience, likely enhancing investor confidence in S&P 500 stocks.

Why Short Term?

Immediate investor sentiment may react positively, driven by employment numbers.

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