ADP: 241,000 Jobs Added in March

The non-farm private sector added 241,000 jobs in March, according to the ADP National Employment Report. This followed an upwardly revised 246,000 job increase in February.

Small businesses with fewer than 50 employees gained 47,000 jobs. Medium-sized businesses with 50-499 employees created 127,000, while large businesses added 67,000 jobs.

“We saw impressive momentum in the first quarter of 2018 with more jobs added per month on average than in 2017,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “Midsized businesses added nearly half of all jobs this month, the best growth this segment has seen since the fall of 2014. The manufacturing industry also performed well, with its strongest increase in more than three years.”

Service-providing employment rose by 176,000 jobs, driven by the trade, transportation and utilities sector which added 40,000. The health services sector had a robust report, adding 29,000 jobs. Goods-producing employment grew by 65,000 jobs. The manufacturing industry gained 29,000, while the construction sector created 31,000 jobs.

Read the ADP report.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.