Employment in the U.S. private sector held steady in March and added more jobs than expected, according to a report from the payroll processing firm ADP, though another monthly gain from the health care industry bolstered job growth.
Job growth continues to favor certain industries, including health care, ADP said.
Private-sector payrolls increased by 62,000 in March, ADP reported, surpassing consensus economist estimates of 38,500, according to FactSet.
Education and health services accounted for most of last month’s job growth, adding 58,000 roles and matching February’s total, followed by construction (30,000), information (11,000) and mining and natural resources (11,000), while trade, transportation and utilities shed 58,000 jobs.
Smaller businesses, or companies hiring less than 50 people, accounted for the largest surge in hiring, adding 85,000 roles.
