Private-sector employment increased by 201,000 from February to March on a seasonally adjusted basis, according to the latest ADP National Employment Report. The report, created by Automatic Data Processing Inc. in partnership with Macroeconomic Advisers LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month.
The average monthly increase in employment over the last 4 months (December through March) has been 211,000, consistent with a gradual if uneven decline in the unemployment rate. This is almost three times the average monthly gain of 74,000 over the preceding four months of August through November.
Employment among large businesses, defined as those with 500 or more workers, increased by 17,000 while employment among medium-size businesses, defined as those with between 50 and 499 workers, increased by 82,000.
Employment for small businesses, defined as those with fewer than 50 workers, rose 102,000 in March. Private employment among small businesses increased by 102,000 in March, according to the ADP Small Business Report, which is a subset of the national report. Small businesses are defined as those companies with fewer than 50 employees.
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