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Companies in the private sector added 155,000 jobs in March, payroll processing firm ADP said on Wednesday.
The figure is above economists’ estimates of 115,000 jobs and also more than the prior month’s upwardly revised reading of 84,000. Annual pay was up 4.6%, down from the prior month, ADP said.
“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,” said Nela Richardson, ADP’s chief economist.
This is a developing story. Please check back for updates.
