US private businesses add 263,000 jobs in March: Survey


Washington, Apr 6 (IANS): US private businesses added 263,000 jobs in March, which is the most in more than two years, a private survey found.

Companies added 263,000 jobs for the month, which was well above the 245,000 reported for February, ADP and Moody's Analytics said.

In addition to the big gain on the headline number, the month also continued a trend away from services-oriented positions dominating job creation. Goods-producing firms contributed 82,000 to the total, as construction led the way with 49,000 new jobs, CNBC news reported.

Professional and business services was the leading sector, with 57,000, while leisure and hospitality added 55,000 and health care was up 46,000. Manufacturing payrolls grew by 30,000 and trade, transportation and utilities rose by 34,000.

In terms of company size, fewer than 50 employees was the biggest growth area, with 118,000. Firms that employ 50 to 499 workers added 100,000.

"Job growth is off to a strong start in 2017," chief economist of Moody's Analytics Mark Zandi said in a statement. "The gains are broad-based but most notable in the goods producing side of the economy including construction, manufacturing and mining."

  

Top Stories


Leave a Comment

Title: US private businesses add 263,000 jobs in March: Survey



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.