Economic Buzz: US Private Sector Adds 455,000 New Jobs

31 Mar 2022 , 08:28 AM

US private sector employment increased by slightly 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 455,000 jobs in March after surging by an upwardly revised 486,000 jobs in February. The report showed employment in the service-providing sector spiked by 377,000 jobs, led by a 161,000 jump in jobs in the leisure and hospitality industry. Employment in the goods-producing sector also increased by 79,000 jobs, as manufacturing employment rose by 54,000 jobs. ADP said employment at small businesses climbed by 90,000 jobs, while large and medium businesses added 177,000 jobs and 188,000 jobs, respectively.

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