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Private sector job growth rises more than expected in March
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U.S. Bank Wealth Management Senior Vice President Lisa Erickson analyzes stock movements, the job market and potential 'further signs of deterioration.'
Hiring by U.S. companies rose more than expected in March as the labor market remained resilient even in the face of higher interest rates, according to the ADP National Employment Report released Wednesday morning.
Companies added 184,000 jobs last month, beating the 148,000 gain that economists surveyed by LSEG predicted. It marks the best month for job creation since July.
This is a developing story. Please check back for updates.
About this in other media
Citi has cut 7,000 people so far, which is 2,000 more than expected efinancialcareers.com /8 months ago
US consumer sentiment falls more than expected as inflation fears rise foxbusiness.com /8 months ago
Gold rises to more than $2,400 amid Middle East tensions investmentnews.com /8 months ago
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