The US private sector added approximately 62,000 jobs in March, according to figures released moments ago by ADP, following the addition of approximately 63,000 jobs in February. This exceeded expectations, which had predicted the addition of 41,000 jobs.

In detail, the construction sector added approximately 30,000 jobs, while the manufacturing sector lost approximately 11,000 jobs. The education and healthcare services sector led the service sector with an increase of 58,000 jobs, while the trade, transportation, and utilities sector lost 58,000 jobs. The leisure and hospitality sector added 7,000 jobs.