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Posted on 04/01/2026 5:24:09 AM PDT by Tell It Right
Private job growth totaled 62,000 in March, down just 4,000 from February’s upwardly revised level but above the Dow Jones consensus for 39,000, according to ADP.
Like February’s report, two sectors essentially provided all the gains. Education and health services contributed 58,000 — identical to the February total — while construction added 30,000.
(Excerpt) Read more at cnbc.com ...
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Elsewhere, information services added 16,000 jobs while natural resources and mining contributed 11,000 and leisure and hospitality saw a gain of 7,000.
On the downside, trade, transportation and utilities lost 58,000 workers while manufacturing was off 11,000.
In an economy dominated by the services industry, March saw a rare balance in job creation — 30,000 for goods producers against 32,000 for services.
Businesses with fewer than 50 employees also dominated hiring, adding 85,000 jobs, while medium-sized establishments lost 20,000 and large firms, with 500 or more employees, reported a decline of 4,000.
Wage growth for those staying in their jobs held steady at 4.5%, while job changers saw a gain of 6.6%, up 0.3 percentage point from February.
Getting out ahead of some good news in the BLS data on Friday...?
“Education and health services...” are not truly “private sector” as each would collapse without government spending...
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