The ADP employment report released today (Wednesday) showed more job gains for March as private companies continued hiring – but remain at a slower-than-necessary rate for a healthy recovery.
According to a report issued Wednesday by payroll-processing company ADP, the private sector added 209,000 jobs last month, pretty much in line with what was expected. That was slightly lower than forecasts for 217,000 jobs gained, and a decrease from 230,000 jobs added in February.
The number was slightly lower than the pace set in February. Industry analysts say the speed of adding jobs needs to move much faster to push unemployment down to a healthy level.
Small businesses, those with fewer than 50 employees, continued to make up about half of all private sector job gains, hiring 100,000 people.