According to ADP, one of the largest payroll processing companies in the country, 158,000 private sector jobs were added in the month of March. This is roughly the same slow but steady growth that we’ve seen this year and in general since positive gains were first posted for the job market. Unfortunately, this already sluggish rate of hiring may slow down even more in the coming months. New projections from CareerBuilder show that the hiring rate is expected to decrease further still into the summer.
As has been the case in previous months, the service industry added by far the most jobs with over 150,000 in March. Professional and Business Services added the second highest number of jobs with 39,000 employees added. Small businesses, with 1-50 employees, continued to reign supreme in hiring as well with 74,000 jobs added. The poorest performing sector in March was construction with a net gain of 0 jobs. To read the ADP job projections, click the link below.