US Employers Add 455,000 Jobs in March

The ADP National Employment Report showed on Wednesday that companies in the United States added 455,000 in March.

Nela Richardson, the ADP chief economist, said following the release of the report that they are looking for the numbers to get closer together.

“This is a competitive environment for talent. We still have a reduced overall workforce. Larger firms with larger budgets are able to compete in the local market a little easier,” Richardson said.

“Businesses are hiring, specifically among the service providers which had the most ground to make up due to early pandemic losses. However, a tight labor supply remains an obstacle for continued growth in consumer-facing industries,” Richardson added.

Service-providing industries added 377,000 new jobs last month, with enormous increases in leisure and hospitality (161,000), education and health services (72,000), professional and business services (61,000), and trade, transportation, and utilities (49,000). 

Goods-producing industries, meanwhile, saw payrolls grow by 79,000, with the bulk of the gains in manufacturing (54,000) and construction (15,000).

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