Financial News: U.S. Private Sector Job Growth Exceeds Estimates In

U.S. Private Sector Job Growth Exceeds Estimates In March

04/02/2025 - 09:21:00 (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 jumped by 155,000 jobs in March after climbing by an upwardly revised 84,000 jobs in February.

Economists had expected private sector employment to grow by 105,000 jobs compared to the addition of 77,000 jobs originally reported for the previous month.

"Despite policy uncertainty and downbeat consumers, the bottom line is this: The March topline number was a good one for the economy and employers of all sizes, if not necessarily all sectors," said ADP chief economist Nela Richardson.

The report said the manufacturing sector delivered stronger-than-average job gains for the second straight month, adding 21,000 jobs.

Meanwhile, ADP said construction hiring slowed, while the natural resources and trade, transportation, and utilities sectors lost jobs.

ADP also said year-over-year pay gains slowed to 4.6 percent for job-stayers and to 6.5 percent for job-changers. The1.9 percentage point pay premium for job-changers matches a series low last seen in September.

On Friday, the Labor Department is scheduled to release its more closely watched report on employment in the month of March, which includes both public and private sector jobs.

Economists currently expect employment to increase by 140,000 jobs in March after climbing by 151,000 jobs in February. The unemployment rate is expected to remain unchanged at 4.1 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Latvia Industrial Output Grows 3.1% (23 min(s), 21 sec(s) ago)
(RTTNews) - Latvia's industrial production expanded for the second straight month in February, ...Full Story»

Cyprus Inflation Slows For Third Month (24 min(s), 21 sec(s) ago)
(RTTNews) - Consumer price inflation in Cyprus slowed for a third straight month in March to its l ...Full Story»

U.S. Services Index Drops To Nine-Month Low In March (30 min(s), 21 sec(s) ago)
(RTTNews) - U.S. service sector growth slowed by more than anticipated in the month of March, acco ...Full Story»

U.S. Trade Deficit Shrinks From Record High As Exports Surge (36 min(s), 21 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Thursday showing the U.S. trade deficit n ...Full Story»

U.S. Trade Deficit Shrinks In February After Spiking To Record High (39 min(s), 21 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Thursday showing the U.S. trade deficit n ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Dip To 219,000 (58 min(s), 21 sec(s) ago)
(RTTNews) - A day ahead of the release of the more closely watched monthly jobs report, the Labor ...Full Story»

Eurozone Private Sector Growth At 7-Month High (01 hr(s), 42 min(s), 21 sec(s) ago)
(RTTNews) - The euro area private sector growth accelerated to a seven-month high in March, adding ...Full Story»

U.S. Trade Deficit Shrinks In February After Spiking To Record High (02 hr(s), 11 min(s), 21 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Thursday showing the U.S. trade deficit n ...Full Story»