Private employers added 155,000 jobs in March, signaling continued strength in the U.S. labor market despite signs of moderation in wage growth, according to the ADP National Employment Report released on April 2.
The monthly snapshot, based on anonymized payroll data from more than 25 million workers, showed job creation across most sectors of the economy, though some industries and regions posted losses.
The report indicated that annual pay growth for job stayers—workers who remained with their employers—slowed to 4.6 percent, down from recent months, while job changers saw an average increase of 6.5 percent.
“Despite policy uncertainty and downbeat consumers, the bottom line is this: The March topline number was a good one for the economy and employers of all sizes, if not necessarily all sectors,” ADP’s chief economist, Nela Richardson, said….