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U.S. Private Sector Adds 200K Jobs in March

Private employers stateside added 200,000 jobs in March, trumping economists' expectations, according to a report by a payrolls processor Wednesday.

Economists had forecast the ADP National Employment Report would show a gain of 194,000 jobs, with estimates ranging from 150,000 to 220,000.

Private payroll gains in the month earlier were revised down to 205,000 from an originally reported 214,000-worker increase.

The ADP figures come ahead of the U.S. Labor Department's more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment.

Economists are looking for U.S. private payroll employment to have grown by 197,000 jobs in March, down from 230,000 the month before. Total non-farm employment is expected to be 205,000.

The unemployment rate is forecast to stay steady south of the border at 4.9%