Private payrolls increased by 184,000 in March, better than expected, ADP says
Last edited Wed Apr 3, 2024, 09:23 AM - Edit history (1)
Source: CNBC
Published Wed, Apr 3 2024 8:15 AM EDT Updated 36 Min Ago
Private sector job growth expanded in March at its fastest pace since July 2023, indicating continuing buoyance in the U.S. labor market, payrolls processing firm ADP reported Wednesday.
Companies added 184,000 workers on the month, an increase from the upwardly revised February gain of 155,000, which also was the Dow Jones estimate for March.
In addition to the strong employment pickup, ADP reported that wages for workers who stayed in their jobs increased 5.1% from a year ago, the same rate as February after showing a steady easing going well back into 2023. Those switching jobs saw gains of 10%, also higher than in previous months.
“March was surprising not just for the pay gains, but the sectors that recorded them,” said ADP chief economist Nela Richardson. “Inflation has been cooling, but our data shows pay is heating up in both goods and services.”
Read more: https://www.cnbc.com/2024/04/03/private-payrolls-increased-by-184000-in-march-better-than-expected-adp-says.html
Article updated.
Original article -
Private sector job growth expanded in March at its fastest pace since July 2023, indicating continuing buoyance in the U.S. labor market, payrolls processing firm ADP reported Wednesday.
Companies added 184,000 workers on the month, an increase from the upwardly revised February gain of 155,000, which also was the Dow Jones estimate for March.
In addition to the strong employment pickup, ADP reported that wages for workers who stayed in their jobs increased 5.1% from a year ago, the same rate as February after showing a steady easing going well back into 2023.
“March was surprising not just for the pay gains, but the sectors that recorded them,” said ADP chief economist Nela Richardson. “Inflation has been cooling, but our data shows pay is heating up in both goods and services.”
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One of my favorite dumbass GOP talking points is that too many jobs are causing inflation. GOP wants less jobs and lower wages. We need to make sure voters know that. 
Crazy as hell!!! 