Continuing the historical pattern of Democratic administrations halting economic downturns, the Obama administration continues to produce positive job growth results.
The ADP National Employment Report said private payrolls rose by 201,000 in March, slightly below estimates. Yet the average monthly increase the past four months is 211,000, up from gains of 74,000 from August to September.
"It seems clear to me hiring is picking up, and we're going to add more jobs in 2011” than in 2010, says Wells Fargo economist Mark Vitner.
Smaller companies appear to be doing the heavy lifting. March employment rose by 102,000 at small firms, 82,000 at mid size businesses and 17,000 at large ones
POST SCRIPT: We have now seen 15 straight months of positive job growth and todays official job numbers exceeded estimates. Over 216,000 were added to the work-force last month. Over 500,000 jobs have been created since the first of the year.
Solid jobs growth in March shows recovery is for real
Neither earthquake nor Mideast turmoil have stopped businesses from hiring