ADP Reports Private Sector Employment and Compensation Both Increased in March

According to the ADP National Employment Report released on Wednesday, private sector employment increased by 155,000 jobs in March. Year-over-year, annual compensation was up 4.6%.

In March, manufacturing delivered stronger-than-average job gains for the second straight month. Construction hiring slowed. Natural resources and trade, transportation, and utilities lost jobs.

The jobs report and pay insights use ADP’s fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market.

Commenting on the report, ADP Chief Economist Nela Richardson said:

“Despite policy uncertainty and downbeat consumers, the bottom line is this: The March topline number was a good one for the economy and employers of all sizes, if not necessarily all sectors.”