Private Sector Employment Increased by 517,000 Jobs in March

Wed, 31 March 2021  |  employment 

Private sector employment increased by 517,000 jobs from February to March according to the March ADP^® National Employment Report^TM. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute^® in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

March 2021 Report Highlights*

Total U.S. Nonfarm Private Employment: 517,000

By Company Size

- Small businesses: 174,000

• 1-19 employees 100,000
• 20-49 employees 74,000

- Medium businesses: 188,000

• 50-499 employees 188,000

- Large businesses: 155,000

• 500-999 employees 49,000
• 1,000+ employees 105,000

By Sector

- Goods-producing: 80,000

• Natural resources/mining -1,000
• Construction 32,000
• Manufacturing 49,000

- Service-providing: 437,000

• Trade/transportation/utilities 92,000
• Information -7,000
• Financial activities 9,000
• Professional/business services 83,000
  - Professional/technical services 27,000
  - Management of companies/enterprises 4,000
  - Administrative/support services 53,000
• Education/health services 68,000
  - Health care/social assistance 66,000
  - Education 2,000
• Leisure/hospitality 169,000
• Other services 22,000

* Sum of components may not equal total, due to rounding.

- Franchise Employment**

• Franchise jobs 15,500

**Complete details on franchise employment can be found here.

"We saw marked improvement in March's labor market data, reporting the strongest gain since September 2020," said Nela Richardson, chief economist, ADP. "Job growth in the service sector significantly outpaced its recent monthly average, led with notable increase by the leisure and hospitality industry. This sector has the most opportunity to improve as the economy continues to gradually reopen and the vaccine is made more widely available. We are continuing to keep a close watch on the hardest hit sectors but the groundwork is being laid for a further boost in the monthly pace of hiring in the months ahead."

The matched sample used to develop the ADP National Employment Report was derived from ADP payroll data, which represents 460,000 U.S. clients employing nearly 26 million workers in the U.S. The February total of jobs added was revised from 117,000 to 176,000.

To obtain additional information about the ADP National Employment Report, including additional charts, supporting data and the schedule of future release dates, or to subscribe to the monthly email alerts and RSS feeds, please visit www.adpemploymentreport.com.

Source: ADP, Inc.