Financial News: U.S. Private Sector Adds 62,000 Jobs In March,

U.S. Private Sector Adds 62,000 Jobs In March, More Than Expected

04/01/2026 - 09:30:00 (RTTNews)

(RTTNews) - Private sector employment in the U.S. increased by more than expected in the month of March, according to a report released by payroll processor ADP on Wednesday.

ADP said private sector employment grew by 62,000 jobs in March after climbing by an upwardly revised 66,000 jobs in February.

Economists had expected private sector employment to rise by 40,000 jobs compared to the addition of 63,000 jobs originally reported for the previous month.

"Overall hiring is steady, but job growth continues to favor certain industries, including health care," said ADP chief economist Dr. Nela Richardson.

ADP said employment in the education and health services industry jumped by 58,000 jobs, while the construction industry added 30,000 jobs.

Meanwhile, the report said employment in the trade, transportation and utilities industry slumped by 58,000 jobs during the month. The manufacturing industry also shed 11,000 jobs.

Pay growth for job-stayers was unchanged for the third straight month at 4.5 percent, ADP said, while year-over-year pay gains for job-changers accelerated to 6.6 percent.

On Friday, the Labor Department is scheduled to release its more closely watched report on employment in the month of March.

Economists currently expect employment to increase by 51,000 jobs in March after slumping by 92,000 jobs in February. The unemployment rate is expected to hold at 4.4 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Leading Economic Index Unexpectedly Inches Higher In April (46 min(s), 35 sec(s) ago)
(RTTNews) - A reading on leading U.S. economic indicators unexpectedly edged slightly higher in th ...Full Story»

U.S. Consumer Sentiment Tumbles Much More Than Previously Estimated In May (29 min(s), 35 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in ...Full Story»

Latvia Jobless Rate Rises To 7.1% In Q1 (23 min(s), 35 sec(s) ago)
(RTTNews) - Latvia's unemployment rate increased in the first quarter of 2026 after falling in ...Full Story»

German GDP Growth Rises On Exports, Consumption (53 min(s), 35 sec(s) ago)
(RTTNews) - The German economy expanded at a slightly faster pace in the first quarter, underpinne ...Full Story»

Poland Business Confidence Rises In May (53 min(s), 35 sec(s) ago)
(RTTNews) - Poland's manufacturers expressed a less pessimistic attitude in May, survey figure ...Full Story»

French Manufacturing Confidence Strengthens In May (17 min(s), 35 sec(s) ago)
(RTTNews) - Confidence among French manufacturers improved further in May and remained above its l ...Full Story»

Irish Wholesale Prices Rise 1.4% In April (38 min(s), 35 sec(s) ago)
(RTTNews) - Ireland's wholesale prices increased for the first time in more than a year in Apr ...Full Story»

UK Government Borrowing Exceeds Estimate (38 min(s), 35 sec(s) ago)
(RTTNews) - The UK government's borrowing exceeded the official estimate and also hit the high ...Full Story»