Live Comments US ADP jobs rises 184k, pay growth heating up

    US ADP jobs rises 184k, pay growth heating up

    US ADP private employment grew 184k in March, above expectation of 150k. By sector, goods-producing jobs increased 42k while service-providing jobs increased 142k. By establishment size, small companies added 16k jobs, medium companies added 93k, large companies added 87k.

    For job-stayers, year-over-year pay gains was unchanged at 5.1%. Annual pay growth for job changes accelerated sharply from 7.6% to 10.0%.

    Nela Richardson, Chief Economist at ADP, said: “March was surprising not just for the pay gains, but the sectors that recorded them. The three biggest increases for job-changers were in construction, financial services, and manufacturing. Inflation has been cooling, but our data shows pay is heating up in both goods and services.”

    Full US ADP release here.



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