ADP Report Shows 191K Jobs Added in March

Private sector employment increased by 191,000 jobs from February to March according to the March National Employment Report, which is issued monthly by payroll and human resources services provider ADP in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total non-farm private employment each month on a seasonally-adjusted basis.

Goods-producing employment rose by 28,000 jobs in March, slightly faster than an upwardly revised pace of 25,000 in February. Most of the gains came from the construction industry which added 20,000 jobs over the month; compared to an average of 16,000 during the prior three months. Manufacturers added 5,000 jobs in March, the same as February.

191,000

Total U.S. Nonfarm Private Employment:
   

 

 • By Company Size     
   • Small businesses:   

72,000

    · 1-19 employees  

38,000

    · 20-49 employees  

34,000

   

 

   • Medium businesses:  

52,000

    · 50-499 employees  

52,000

   

 

   • Large businesses:  

67,000

    · 500-999 employees  

14,000

    · 1,000+ employees  

53,000

     
   • By Sector    
    • Goods producing  

28,000

    • Service providing  

164,000

     
   • Industry Snapshot    
    • Construction  

20,000

    • Manufacturing  

5,000

    • Trade/transportation/utilities  

36,000

    • Financial activities  

5,000

    • Professional/business services  

53,000

Service-providing employment rose by 164,000 jobs in March, up from the upwardly revised 153,000 in February. The ADP National Employment Report indicates that professional/ business services contributed the most to growth in service-providing industries, adding 53,000 jobs, slightly more than the 49,000 in February. Expansion in trade/transportation/utilities grew by 36,000, about equal to the 37,000 jobs added in February. The 5,000 new jobs in financial activities mark the strongest pace of growth in the industry since November 2013.

"The 191,000 U.S. private sector jobs added in March is slightly above the twelve-month average,” said Carlos Rodriguez, president and chief executive officer of ADP. “Hopefully, this could be a sign there is more growth to come.”

Mark Zandi, chief economist of Moody’s Analytics, said, "The job market is coming out from its deep winter slumber. Job gains are consistent with the pace prior to the brutal winter. The gains are broad based across industries and business size classes. Even better numbers are likely in coming months as the weather warms.”

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