Private-sector employment increased by 200,000 in March, on a seasonally adjusted basis, ADP reported Wednesday.
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In February, ADP says 205,000 jobs were added, compared to its initial estimate of 214,000 new jobs.
Economists surveyed by IFR Markets estimated a 194,000 ADP job gain projection for March.
“The job market continues on its amazing streak,” Mark Zandi, chief economist of Moody’s Analytics, said in a release. “The March job gain of 200,000 is consistent with average monthly job growth of the past more than four years. The only industry reducing payrolls is energy as has been the case for over a year. All indications are that the job machine will remain in high gear.”
