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September 01, 2020 1:29pm
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Private sector job growth rises more than expected in March

Hiring by private U.S. companies rose more than forecast in March, a sign that the labor market remains resilient in the face of higher interest rates.

Hiring by U.S. companies rose more than expected in March as the labor market remained resilient even in the face of higher interest rates, according to the ADP National Employment Report released Wednesday morning.

Companies added 184,000 jobs last month, beating the 148,000 gain that economists surveyed by LSEG predicted. It marks the best month for job creation since July.

This is a developing story. Please check back for updates.
 

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