RJ and Makay

March was a solid month for the jobs market, with private U.S. employers adding 201,000 jobs, reports ADP Employer Services. The ADP report, created jointly with Macroeconomic Advisers LLC, is in line with what economists expect to hear Friday from the government in its more comprehensive public and private sector employment report.

"While a touch softer than February's, this is a strong report that indicates continued momentum in the pace of labor market recovery," says Barclays Capital, noting it still expects the government's report on Friday to show 175,000 new jobs in March. In a new Reuters poll of economists, median forecasts call for increases in nonfarm and private payrolls of 190,000 and 200,000, respectively.

Layoffs are in the forecast for Wall Street, according to one banking analyst.

Meredith Whitney, of the Meredith Whitney Advisory Group, recently noted that financial services firms could see as many as 80,000 job losses between now and early 2012. "Over the next 18 months, Wall Street will go through yet another iteration of resizing not seen since the post-dotcom era," Whitney claims.