Private companies added 155,000 jobs in March, more than expected, ADP says

[BumRushDaShow]

Source: CNBC

Published Wed, Apr 2 2025 8:15 AM EDT


Private payroll gains were stronger than expected in March, countering fears that the labor market and economy are slowing, according to a report Wednesday from ADP.

Companies added 155,000 jobs for the month, a sharp increase from the upwardly revised 84,000 in February and better than the Dow Jones consensus forecast for 120,000, the payrolls processing firm said.

The upside surprise comes amid worries that President Donald Trump’s aggressive tariffs could deter firms from adding to headcount and in turn slow business and consumer activity. Trump is set to announce the next step in his trade policy Wednesday at 4 p.m.

Hiring was fairly broad based, with professional and business services adding 57,000 workers while financial activities grew by 38,000 as tax season heats up. Manufacturing contributed 21,000 and leisure and hospitality added 17,000.

Read more: https://www.cnbc.com/2025/04/02/adp-jobs-report-march-2025-.html

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This is the 3rd party entity ADP who tracks private employment. The government unemployment release comes out Friday.

[gab13by13]

1. When do Krasnov's numbers come out?

[progree]

2. Friday. It's always Wednesday for the ADP report and Friday for the BLS report, in the one week per month

that both come out.

Reuters: https://finance.yahoo.com/news/us-private-payrolls-accelerate-march-122217465.html

Expectations for the Friday BLS report is 135k jobs (Feb was 151k jobs), And no change in unemployment rate

"There is no correlation between the ADP and BLS employment report."

[Lovie777]

3. I want to believe, but honestly anything coming out of.............

this corrupt administration tenure and reading that senate republicans are overruling the Parliamentarian to pass trillion dollars tax cuts for the wealthy and have told that republicans will lie about the numbers to reflect the lie and we the actual payers will pay more taxes angers me to no end.

[BumRushDaShow]

5. This report isn't a government one

but a private HR/payroll processing services entity - ADP (Automatic Data Processing) - who tracks and reports on the employment numbers of their subscribers (which are private companies).

[Bengus81]

7. So I guess Trump won't be threatening them this morning or extorting money from them....

[BumRushDaShow]

8. Will have to see what happens Friday

for the government Unemployment numbers...

Don't know what his relationship is with ADP but I guess he could sic his DOGE boys on them.

[Bernardo de La Paz]

4. I expect there was a bunch of hiring to import and move stuff to beat the tariff taxes

Or this might be the results of investments made in November into January based on business optimism over the election of a supposedly "business-friendly" administration and Congress.

[Bengus81]

6. It will take months of these massive tariffs to do harm. Trump still has a Biden economy

for now......