Legit.ng on Nostr: US private sector hiring picks up again in March ========== US private sector hiring ...
US private sector hiring picks up again in March
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US private sector hiring came in well above expectations last month, with construction, financial services, and manufacturing all contributing to the increase. Private sector employment rose by 184,000 in March, sharply above market predictions of 150,000 new jobs. ADP also revised up the February jobs data, from 140,000 to 155,000. The hot jobs data will be well-received by the Biden administration as it seeks to talk up the president's economic record ahead of November's presidential election. The data also signals to the Federal Reserve that the labor market remains in a good place, reducing the likelihood of an early start to interest rate cuts. The construction sector created 33,000 new jobs, the financial services sector added 17,000 new positions, and manufacturing was responsible for 1,000 jobs. Other sectors that created large numbers of new positions included leisure and hospitality, trade, and transportation and utilities. Pay was up 5.1 percent year-over-year for those who remained in their jobs, and by 10.0 percent for those who switched. ADP's figures come two days ahead of US government data on US hiring.
#UsPrivateSector #Hiring #Adp #Construction #FinancialServices #Manufacturing #BidenAdministration #FederalReserve #InterestRateCuts #LeisureAndHospitality #Trade #TransportationAndUtilities #Pay #JobGrowth #UnemploymentRate
https://www.legit.ng/business-economy/economy/1586347-us-private-sector-hiring-picks-march/
==========
US private sector hiring came in well above expectations last month, with construction, financial services, and manufacturing all contributing to the increase. Private sector employment rose by 184,000 in March, sharply above market predictions of 150,000 new jobs. ADP also revised up the February jobs data, from 140,000 to 155,000. The hot jobs data will be well-received by the Biden administration as it seeks to talk up the president's economic record ahead of November's presidential election. The data also signals to the Federal Reserve that the labor market remains in a good place, reducing the likelihood of an early start to interest rate cuts. The construction sector created 33,000 new jobs, the financial services sector added 17,000 new positions, and manufacturing was responsible for 1,000 jobs. Other sectors that created large numbers of new positions included leisure and hospitality, trade, and transportation and utilities. Pay was up 5.1 percent year-over-year for those who remained in their jobs, and by 10.0 percent for those who switched. ADP's figures come two days ahead of US government data on US hiring.
#UsPrivateSector #Hiring #Adp #Construction #FinancialServices #Manufacturing #BidenAdministration #FederalReserve #InterestRateCuts #LeisureAndHospitality #Trade #TransportationAndUtilities #Pay #JobGrowth #UnemploymentRate
https://www.legit.ng/business-economy/economy/1586347-us-private-sector-hiring-picks-march/