Companies added 455,000 jobs in March, slightly more than expected, ADP says

gemini104104

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President Biden and team continue to create record number of jobs consistently by the month. So where is the uptick in his approval rating in this regard at basically wiping out all of the destructive influences tRump and his sack of degenerates had on the economy?

Companies added jobs at a solid pace in March, indicating that hiring is strong despite signs of a tightening labor market, payroll processing firm ADP reported Wednesday.

Private payrolls expanded by 455,000 for the month, the firm said, about in line with the Dow Jones estimate of 450,000 though it was the lowest since August 2021. The total was slightly below the upwardly revised 486,000 for February, and brought ADP’s first-quarter jobs count to 1.45 million.

The report comes two days before the more closely watched nonfarm payrolls report, with the Bureau of Labor Statistics expected to show jobs growth of 490,000 for the month, according to the Dow Jones consensus estimate. The ADP and BLS numbers can differ widely, as they did in February when the payroll firm’s count was about 200,000 below the government’s official tally.

ADP’s report for March indicated that hiring was spread evenly around sectors, with leisure and hospitality adding 161,000 to lead the way. Education and health services contributed 72,000 while professional and business services was next with 61,000 new jobs."
https://www.cnbc.com/2022/03/30/adp-march-2022.html
 
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