Research firm predicts job gains in March

Trim Tabs Investment Research on Wednesday predicted a net increase of 280,000 U.S. jobs in March.

The firm estimates that the Census Bureau hired around 180,000 workers while the private sector added another 100,000 workers to its payroll.

The California research firm bases its prediction on daily reports from the Treasury that showed an increase in the amount of taxes withheld from workers' paychecks.

"The reports show that more people are working," Charles Biderman, the firm's founder, told The Hill.

Wages and salaries rose 3.9 percent year-over-year in March, the biggest jump in 2 years, Biderman said. Boosts in salaries accounted for roughly 1.9 percent of the increase. The rest was job creation.

"That's probably where the bulk of the gains are coming from," he said.

The Bureau of Labor Statistics will announce its jobs figures on Friday.

Biderman does not expect the BLS findings to mirror his own since they use historical data, and not the real time information he garnered from Treasury.

"If they used real time they'd probably have to fire a few of their economists," he said.