ADP Reports 62,000 Job Growth for Private Sector in March 2023
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowPrivate sector hiring increased by 62,000 in March 2023, exceeding Dow Jones' estimate of 39,000. This figure is only 4,000 lower than February's revised total. Education and health services contributed 58,000 jobs, while construction added 30,000. Conversely, trade, transportation, and utilities saw a loss of 58,000 jobs. Additionally, wage growth held steady at 4.5% for job stayers and increased to 6.6% for job changers.
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About Automatic Data Processing (ADP)
Automatic Data Processing is a leading provider of payroll and human-capital-management services.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
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