US private employment grew by 184,000 in March, surpassing expectations, with leisure and hospitality leading job growth.
Private employment in the US grew by 184,000 in March, surpassing economists' expectations, according to the ADP National Employment Report. This marks the largest increase in hiring since July 2022. The leisure and hospitality industry led the job growth, with 63,000 jobs added. Construction payrolls also increased by 33,000 jobs. The ADP report indicates ongoing resilience in the job market despite higher interest rates.
April 03, 2024
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