ADP: Employment Dropped 23,000 In March

Private employment fell by 23,000 in March, according to payroll giant ADP. It’s the smallest decrease in employment according to ADP’s numbers since February 2008, when employment began falling.

March’s ADP Report estimates service-sector jobs grew by 28,000, which was not enough to offset losses in manufacturing and construction, which declined by 51,000 and 43,000 respectively.

The first chart represents relative growth in the “goods-producing” sector; the second in the service sector. ADP’s numbers are the thick blue line, while the Bureau of Labor Statistics’ numbers are represented by pink.

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