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ADP National Employment Report Increased by 517,000 jobs in March
Private sector employment increased by 517,000 jobs from February to March according to the March ADP® National Employment Report.
“We saw marked improvement in March’s labor market data, reporting the strongest gain since September 2020,” said Nela Richardson, chief economist, ADP. “Job growth in the service sector significantly outpaced its recent monthly average, led with notable increase by the leisure and hospitality industry. This sector has the most opportunity to improve as the economy continues to gradually reopen and the vaccine is made more widely available. We are continuing to keep a close watch on the hardest hit sectors but the groundwork is being laid for a further boost in the monthly pace of hiring in the months ahead.”
Posted: March 31, 2021 Wednesday 08:15 AM