The non-farm economic sector acquired 455,000 tasks in March, according to the ADP National Employment Report. This follows a modified February boost of 486,000 tasks.
Small companies with less than 50 staff members acquired 90,000 tasks. Medium-sized companies with 50-499 staff members acquired 188,000, while big companies increased by 177,000 tasks.
“Job growth was broad-based across sectors in March, contributing to the nearly 1.5 million jobs added for the first quarter in 2022,” stated Nela Richardson, primary financial expert, ADP. “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.”
Service-offering work acquired 377,000 tasks, driven by gains in the leisure & hospitality and education/health services sectors, which grew by 161,000 and 72,000 tasks respectively.
Goods-producing work acquired 79,000 tasks in March. The producing sector acquired 54,000 tasks and building and construction acquired 15,000 tasks. Natural resources/mining likewise acquired 9,000 tasks.
Read the ADP report.