March Private Sector Employment Increased by 241,000, Topping Expectations

(Updated - April 4, 2018 8:16 AM EDT)

ADP Employment Change (Mar) 241K vs 210K Expected

Private sector employment increased by 241,000 jobs from February to March according to the March ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

March 2018 Report Highlights*

View the ADP National Employment Report Infographicat www.adpemploymentreport.com.

Total U.S. Nonfarm Private Employment: 241,000

By Company Size

• Small businesses: 47,000
  • 1-19 employees 35,000
  • 20-49 employees 12,000
• Medium businesses: 127,000
  • 50-499 employees 127,000
• Large businesses: 67,000
  • 500-999 employees 13,000
  • 1,000+ employees 54,000

By Sector

• Goods-producing: 65,000
  • Natural resources/mining 5,000
  • Construction 31,000
  • Manufacturing 29,000
• Service-providing: 176,000
  • Trade/transportation/utilities 40,000
  • Information 3,000
  • Financial activities 18,000
  • Professional/business services 44,000
    • Professional/technical services 27,000
    • Management ofcompanies/enterprises 3,000
    • Administrative/support services 13,000
  • Education/health services 28,000
    • Health care/social assistance 29,000
    • Education -1,000
  • Leisure/hospitality 26,000
  • Other services 17,00

* Sum of components may not equal total, due to rounding.

• Franchise Employment**
  • Franchise jobs -100

**Complete details on franchise employment can be found here.

"We saw impressive momentum in the first quarter of 2018 with more jobs added per month on average than in 2017," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "Midsized businesses added nearly half of all jobs this month, the best growth this segment has seen since the fall of 2014. The manufacturing industry also performed well, with its strongest increase in more than three years."

Mark Zandi, chief economist of Moody's Analytics, said, "The job market is rip-roaring. Monthly job growth remains firmly over 200,000, double the pace of labor force growth. The tight labor market continues to tighten."

The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 411,000 U.S. clients employing nearly 24 million workers in the U.S. The February total of jobs added was revised up from 235,000 to 246,000.

To obtain additional information about the ADP National Employment Report, including additional charts, supporting data and the schedule of future release dates, or to subscribe to the monthly email alerts and RSS feeds, please visit www.adpemploymentreport.com.

The April 2018 ADP National Employment Report will be released at 8:15 a.m. ET on May 2, 2018.

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