Private sector employment in the US rose by 455,000 in March, ever so slightly above the 450,000 expected gain, according to US payroll company ADP's latest estimate of national employment change released on Wednesday. The broadly in line with expected ADP data will instill confidence that Friday's official jobs report will be strong and the official non-farm payroll number will be healthy. That said, ADP has had a poor track record of predicting the official NFP number in recent years and should be taken with a grain of salt. 

Market Reaction

There was no reaction to the latest ADP figures, which were close to expectations.