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.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-06 01:15 PM
ADP Employment Change
Feb 140K 111K 150K 90K
2024-04-03 12:15 PM
ADP Employment Change
Mar 184K 155K 148K 125.0K
2024-05-01 12:15 PM
ADP Employment Change
Apr 184K


Related Last Previous Unit Reference
ADP Employment Change 184.00 155.00 Thousand Mar 2024
Challenger Job Cuts 90309.00 84638.00 Persons Mar 2024
Continuing Jobless Claims 1812.00 1810.00 Thousand Apr 2024
Initial Jobless Claims 212.00 212.00 Thousand Apr 2024
JOLTs Job Openings 8756.00 8748.00 Thousand Feb 2024
Non Farm Payrolls 303.00 270.00 Thousand Mar 2024
Unemployment Rate 3.80 3.90 percent Mar 2024

United States ADP Employment Change
The ADP National Employment Report measures levels of non-farm private employment. The Report is based on the actual payroll data from about 25 million employees and is produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab.
Actual Previous Highest Lowest Dates Unit Frequency
184.00 155.00 1081.00 -6759.00 2010 - 2024 Thousand Monthly
SA

News Stream
US Private Employment Beats Expectations
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.
2024-04-03
US Private Employment Below Forecasts
Private businesses in the US hired 140K workers in February 2024, following an upwardly revised 111K in January, but slightly below forecasts of 150K. Services-providing companies were responsible for 110K jobs, while goods producers added 30K. Leisure and hospitality reported the biggest increase (41K), followed by construction (28K), trade, transportation and utilities (24K), financial activities (17K) and education/health (11K). On the other hand, the mining sector shed 4K jobs and information lost 2K. Manufacturing added 6K jobs. Meanwhile, pay gains for job-changers accelerated for the first time in more than a year, rising to 7.6% from 7.2%. "Job gains remain solid. Pay gains are trending lower but are still above inflation. In short, the labor market is dynamic, but doesn't tip the scales in terms of a Fed rate decision this year", said Nela Richardson, chief economist, ADP.
2024-03-06
US Private Employment Rises Less Than Expected
Private businesses in the US hired 107K workers in January 2024, below a downwardly revised 158K in December and forecasts of 145K. Services-providing companies were responsible for 77K jobs, while goods producers added 30K. Leisure and hospitality reported the biggest increase (28K), followed by trade, transportation and utilities (23K), construction (22K), education/health services (17K) and financial activities (7K). Manufacturing added 6K jobs only and the information sector lost 9K. Meanwhile, pay growth continued to slow, with job-stayers seeing a 5.2% pay increase, below 5.4% in December while job changers saw earnings increase 7.2%, the smallest annual gain since May 2021. “Progress on inflation has brightened the economic picture despite a slowdown in hiring and pay. Wages adjusted for inflation have improved over the past six months, and the economy looks like it’s headed toward a soft landing in the U.S. and globally,” said ADP chief economist Nela Richardson.
2024-01-31