The US private sector added approximately 155,000 jobs in March, according to figures released just moments ago by ADP, after adding approximately 77,000 jobs in February’s reading, compared to expectations of 118,000. Wages rose 4.6%.
In detail, the manufacturing sector added approximately 21,000 jobs, while the construction sector added approximately 6,000 jobs. The services sector added 132,000 jobs, led by the business services sector, which added 57,000 jobs, while the trade, transportation, and utilities sector lost approximately 6,000 jobs.