简体中文 繁體中文 한국어 日本語 Español ภาษาไทย Bahasa Indonesia Tiếng Việt Português Монгол العربية हिन्दी Русский ئۇيغۇر تىلى

March ADP - Job growth accelerates

2024-04-03

March ADP


3/4/2024 (Wed)


Previous (Feb): 140k Forecast: 150k


The ADP employment report revealed that 140K nonfarm private jobs were added in February, a pickup from the 111K private jobs added in January. The latest figure is lower than the expected 149K new private jobs.


Along with the job growth, annual pay increased 5.1% for those staying in their jobs, which ADP said was the smallest rise since August 2021, a potential indication that inflation pressures are receding.


In recent months, ADP has consistently undershot the closely watched report from the BLS, which showed an increase of 275k for the month, nearly double the ADP reading.

March ADP

Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.