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Entries in National Employment (1)

Wednesday
Mar302011

Private Sector Grows by 201,000 Jobs in March

Creatas Images/Thinkstock(ROSELAND, N.J.) -- The U.S. private sector grew by 201,000 jobs in March, according to the latest national employment report released Wednesday by ADP.

ADP found that employment in the service-providing sector increased for a 15th consecutive month in March, rising by 164,000 jobs.  The goods-producing sector also saw an increase, growing by 37,000 for a fifth straight monthly gain.

The report also shows that employment in the manufacturing industry rose by 37,000 jobs, making March the sixth consecutive month that the industry grew.

"Today’s ADP National Employment Report confirms that U.S. private-sector employment growth has averaged about 175,000 jobs over the last six months," said Gary C. Butler, president and CEO of ADP.

When compared over the last four months, the average looks even more promising.

"The average monthly increase in employment over the last four months -- December through March -- has been 211,000, consistent with a gradual if uneven decline in the unemployment rate," said Joel Prakken, the chairman of Macroeconomic Advisers, LLC.  "This is almost three times the average monthly gain of 74,000 over the preceding four months of August through November."

Butler added that "job growth in the first quarter of 2011 has shown considerable improvement compared to the last quarter of 2010."

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