Private businesses in the US hired 184K workers in March 2024, following an upwardly revised 155K in February, and beating forecasts of 148K. It is the biggest increase in hiring in eight months, with employment rising in services (142K), namely leisure/hospitality (63K), trade/transportation/utilities (29K), education/health (17K), financial activities (17K) and information (8K) while professional/business activities shed 8K jobs. The goods-producing sector added 42K jobs, mostly construction (33K) and natural resources/mining (8K) while manufacturing added 1K only. Meanwhile, pay gains for job-stayers were unchanged at 5.1% after months of steady deceleration. Pay gains for job-changers rose to 10%, the second straight increase, and the largest advance since July, with the biggest rises seen in construction, financial services and manufacturing. "Inflation has been cooling, but our data shows pay is heating up in both goods and services", Nela Richardson, chief economist, ADP said. source: Automatic Data Processing, Inc.
Private businesses in the United States hired 184 thousand workers in March of 2024 compared to 155 thousand in February of 2024. ADP Employment Change in the United States averaged 162.79 Thousand from 2010 until 2024, reaching an all time high of 1081.00 Thousand in July of 2021 and a record low of -6759.00 Thousand in April of 2020. This page provides the latest reported value for - United States ADP Employment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ADP Employment Change - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Private businesses in the United States hired 184 thousand workers in March of 2024 compared to 155 thousand in February of 2024. ADP Employment Change in the United States is expected to be 50.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations.