Published April 2, 2025 8:22am EDT
Private sector added 155K jobs in March, above expectations, ADP says
ADP releases private sector jobs data
By Matthew Kazin FOXBusiness
Companies in the private sector added 155,000 jobs in March, payroll processing firm ADP said on Wednesday.
The figure is above economists’ estimates of 115,000 jobs and also more than the prior month’s upwardly revised reading of 84,000. Annual pay was up 4.6%, down from the prior month, ADP said.
"Despite policy uncertainty and downbeat consumers, the bottom line is this: The March topline number was a good one for the economy and employers of all sizes, if not necessarily all sectors," said Nela Richardson, ADP's chief economist.
Professional and business services added 57,000 positions, leading job creation in March. Financial activities added 38,000 jobs, manufacturing added 21,000 and leisure and hospitality contributed 17,000.
On the negative side, trade, transportation and utilities lost 6,000 jobs during the month, while natural resources and mining declined by 3,000.
more
https://www.foxbusiness.com/economy/private-sector-added-155000-jobs-march-above-expectations-adp-says
