"March Sees Strongest US Private Sector Job Growth in Eight Months"
TL;DR
Private sector job growth exceeded expectations in March, with companies adding 184,000 jobs, marking the best month for job creation since July. Wage growth also accelerated, particularly for workers who switched jobs, with annual pay rising 10%. The report showed broad-based job gains across sectors, with the leisure and hospitality sector leading in new hires. The data precedes the release of the more closely watched March jobs report from the Labor Department on Friday, which is expected to show employers hiring 200,000 workers.
Topics:businessbusinesseconomy#adp-national-employment-report#businesseconomy#federal-reserve#job-growth#labor-market#wages
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- Private payrolls increased by 184,000 in March, better than expected, ADP says CNBC
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- US private payrolls post largest gain in eight months in March Yahoo Finance
- Private-sector hiring in March was U.S.’s strongest in eight months: ADP MarketWatch
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