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Economic Buzz: US private sector job growth exceeds estimates in March
03-Apr-2025 08:14
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.

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.

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