WOW — 62,000 job !!! GREAT …… oh and manufacturing was -11,000 lol !! ( Wasn't that suppose to be coming back because of tariffs ? )
Private sector employment growth was a bit better than expected in March, but health care and construction continued to provide nearly all the momentum, payrolls processing company ADP reported Wednesday.
Job growth totaled 62,000 for the month, down just 4,000 from February’s upwardly revised level but above the Dow Jones consensus for 39,000. ADP’s report does not include government employees.
Like February’s report, two sectors essentially provided all the gains.
On the downside, trade, transportation and utilities lost 58,000 workers while manufacturing was off 11,000.
Businesses with fewer than 50 employees also dominated hiring, adding 85,000 jobs, while medium-sized establishments lost 20,000 and large firms, with 500 or more employees, reported a decline of 4,000.
Private sector hiring totaled 62,000 in March, better than expected, ADP says
byu/TACO_Orange_3098 inStockMarket
Posted by TACO_Orange_3098
4 Comments
Jesus fuck, wait a month and then let’s talk.
Seems like only healthcare and construction have been hiring for the past year lol. It’s so odd to see so many sectors lose jobs and two sectors prop up the jobs numbers
These “new jobs” in construction are just existing jobs that were previously done by undocumented migrants and now with the ICE fears and negative net migration are surfacing back as official jobs.
They aren’t new jobs and might even be less than what they were before.
all these constructions jobs are most likely data centers BUT if the AI trade cracks ……. it is gonna get ugly in a hurry