Private businesses in the US added 155K workers to their payrolls in March 2025, following an upwardly revised 84K in February and above expectations of 105K. Hiring was fairly broad based, with the services sector adding 132K jobs, namely professional and business services (57K) and financial activities (38K). Also, manufacturing contributed 21K and leisure and hospitality added 17K.
In contrast, trade, transportation and utilities saw a loss of 6K jobs and natural resources and mining declined by 3K. "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", according to Nela Richardson, Chief Economist, ADP.
Source: Trading Economics
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