The data released Wednesday showed a gain of 75,000 in services and 70,000 in goods producers. economy is heavily services-oriented, so that sector generally produces much stronger hiring gains.
Job growth was almost evenly split between services and goods-producing firms, an unusual occurrence. "Employers are pulling back from a year of strong hiring and pay growth, after a three-month plateau, is inching down."Īnnual pay rose at a 6.9% rate in March, down from 7.2% in February, according to the firm's calculations. "Our March payroll data is one of several signals that the economy is slowing," said ADP's chief economist, Nela Richardson.
That took first-quarter hiring to an average of just 175,000 jobs a month, down from 216,000 in the fourth quarter and a sharp reduction from the average of 397,000 in the first quarter of 2022. Personal Loans for 670 Credit Score or Lower
Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 kommentar(er)
