Private Sector Job Gains Explode Higher, Biggest Gain Since July

Private Sector Job Gains Explode Higher, Biggest Gain Since July


Businesses in the U.S. added 184,000 workers to their payrolls in March, the largest increase in hiring since July, according to payroll processor ADP.

The March hiring exceeded even the most optimistic forecasts. The median forecast was for 155,000 jobs, with a range from 125,000 to 175,000.

The prior month’s hiring figure was revised up from 140,000 to 155,000.

The gain in new jobs in March was led by leisure and hospitality, which added 63,000 workers. The construction sector added 33,000 and trade, transportation, and utilities added 29,000.

Nine out of the 10 business groups tracked by ADP added jobs, indicating strong demand for labor across the economy. Only professional and business services saw a contraction in payrolls.

All four regions

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