USA News Today | Daily Us NewsPaper
Saturday, June 7, 2025
  • Politics
  • Headlines
  • Local news
  • Business
  • Science
  • Lifestyle
  • Tech
USA News Today | Daily Us NewsPaper
No Result
View All Result
Home Business

U.S. Private Sector Job Growth Exceeds Estimates In March

April 3, 2024
in Business


Payroll processor ADP released a report on Wednesday showing stronger than expected private sector job growth in the U.S. in the month of March.

ADP said private sector employment jumped by 184,000 jobs in March after climbing by an upwardly revised 155,000 jobs in February.

Economists had expected private sector employment to increase by 148,000 jobs compared to the addition of 140,000 jobs originally reported for the previous month.

The stronger than expected job growth was led by the leisure and hospitality industry, which added 63,000 jobs during the month.

ADP said job gains were strong across industries with the exception of professional services, where employment dipped by 8,000 jobs.

The report also said annual pay growth for job-stayers was flat at 5.1 percent after months of steady deceleration, while annual pay growth for job-changers accelerated dramatically to 10.0 percent.

“March was surprising not just for the pay gains, but the sectors that recorded them,” said ADP chief economist Nela Richardson.

“The three biggest increases for job-changers were in construction, financial services, and manufacturing,” she added. “Inflation has been cooling, but our data shows pay is heating up in both goods and services.”

On Friday, the Labor Department is scheduled to release its more closely watched monthly employment report, which includes both public and private sector jobs.

Economists currently expected employment to jump by 200,000 jobs in March after surging by 275,000 jobs in February, while the unemployment rate is expected to hold at 3.9 percent.

Copyright © 2024, RTTNews.com, Inc. All Rights Reserved.

Tags: Breaking NewsEconomic NewsForex Top StoryFront Page NewsGeneral NewsTop story

Related Posts

U.S. Consumer Sentiment Tumbles To Six-Month Low In May

by USA News Editor
May 13, 2024
0

A report released by the University of Michigan on Friday showed a substantial deterioration in U.S. consumer sentiment in the...

U.S. Service Sector Activity Contracts For First Time Since December 2022

by USA News Editor
May 3, 2024
0

After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a...

U.S. Job Growth Falls Short Of Estimates In April, Unemployment Rate Ticks Higher

by USA News Editor
May 3, 2024
0

After reporting stronger than expected job growth over the past several months, the Labor Department released a report on Friday...

U.S. Factory Orders Surge In Line With Estimates In March

by USA News Editor
May 2, 2024
0

New orders for U.S. manufactured goods surged in line with economist estimates in the month of March, according to a...

U.S. Labor Productivity Increases Modestly In Q1, Labor Costs Spike

by USA News Editor
May 2, 2024
0

A report released by the Labor Department on Thursday showed labor productivity in the U.S. increased by less than expected...

U.S. Trade Deficit Narrows Slightly To $69.4 Billion In March

by USA News Editor
May 2, 2024
0

The U.S. trade deficit edged slightly lower in the month of March, according to a report released by the Commerce...

Advertisement

Today Trend USA News

Eli Lilly Strikes Deal With Amazon Pharmacy To Deliver Prescription Drugs

1 year ago

Live Albums By Jack White, Dinosaur Jr. & More Featured In New Third Man Records Vinyl Package

1 year ago

Steve Nicks Announced As BST Hyde Park 2024 Headliner

1 year ago

Consumer, Producer Price Inflation Data To Be In The Spotlight This Week

1 year ago

Biden Targets Trump At Fiery State Of The Union

1 year ago

U.S. Construction Spending Unexpectedly Sees Further Downside In February

1 year ago

Popular News Today

    • About
    • Contact Form
    • Terms of Use
    • Privacy Policy
    • DMCA

    © 2024 USANEWS.ONE

    No Result
    View All Result
    • Politics
    • Headlines
    • Local news
    • Business
    • Science
    • Lifestyle
    • Tech

    © 2024 USANEWS.ONE

    Get more stuff like this
    in your inbox

    Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

    Thank you for subscribing.

    Something went wrong.

    We respect your privacy and take protecting it seriously