Wednesday, April 1, 2015

ADP: Private Sector Added 189,000 Jobs in March

According to the ADP National Employment report, the private sector added 189,000 jobs in March, as the goods-producing sector experienced sharp declines in growth compared to the previous month. The March report upwardly revised the January and February numbers by 7,000 and 2,000 jobs respectively.

Small businesses, companies with fewer than 50 employees, added 108,000 jobs, 5,000 more than in February. Medium businesses, companies with 50 to 499 employees added 62,000 jobs, 5,000 more than in February. Large businesses, companies with greater than 500 employees added 19,000 jobs, down from 53,000 in February.

Goods producing employment rose by 5,000 jobs, compared with 22,000 jobs the previous month. The construction industry added 17,000 jobs, down from 28,000 in February. Manufacturing was the only sector to lose jobs, dropping 1,000 in the last report after adding 2,000 jobs in February.

Service providing sector employment rose by 184,000, 8,000 fewer jobs than in February. The slower growth was partially due to declines in the trade, transportation and utilities sectors, which added 7,000 fewer jobs than the February report. Financial activities added 16,000 new jobs, down from last month’s 19,000 but still near a record high.

Read the ADP release

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