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ADP Employment Reports Shows Better Than Expected Job Gains, Accelerating Wages
ADP Employment Reports Shows Better Than Expected Job Gains, Accelerating Wages
Hiring and pay gains both held steady in March.
The ADP National Employment report printed a better than expected +62k jobs added in March (+40k exp) and modestly down from an upwardly revised 66k in February.
That is the ninth straight month of job gains.
Source: Bloomberg
The smallest employers drove job growth for a second month, while hiring in trade, transportation, and utilities continued to decline.
"Overall hiring is steady, but job growth continues to favor certain industries, including health care. In March,...
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