According to the March ADP® National Employment Report™ released today (3-30-22), nonfarm private sector employment increased by 455,000 jobs from February to March. 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.
In a statement prepared for the release of the March report, Nela Richardson, ADP’s chief economist said, “Job growth was broad-based across sectors in March, contributing to the nearly 1.5 million jobs added for the first quarter in 2022. 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.”
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ADP National Employment Report: Private Sector Employment Increased by 455,000 Jobs in March