The non-farm private sector added 200,000 jobs in March, according to the ADP National Employment Report, down from February’s downwardly revised total of 205,000. Growth in the services sector slowed slightly, while goods sector growth increased.
Small businesses with fewer than 50 employees added 86,000 jobs in March, up from 68,000 in February. Medium-sized businesses with 50-499 employees added 75,000 jobs, up from 60,000 in February. Large businesses added 39,000 jobs, approximately half of February’s total.
Goods producing employment rose by 9,000 jobs, up from 2,000 last month, amid gains in both construction and manufacturing.
Service providing employment rose by 191,000. The Professional and Business Services sector added 28,000 jobs, down from 51,000 in the previous month. The Trade Transportation and Utilities sector added 42,000 jobs, up from 24,000 in February.
“The Trade, Transportation and Utilities sector had its best month of employment gains since last June,” says Ahu Yildirmaz, VP and head of the ADP Research Institute. “Steady employment growth and accelerating wage growth in the workforce appear to be benefitting the Trade segment in particular.”
Read the ADP release.
