ADP Report: Jobs Growth Uneven, Pay Raises Cool
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Private sector added 62K jobs in March, with healthcare and education leading, while construction and IT held steady. Manufacturing and trade, transportation, and utilities saw losses. Pay growth cooled, with job-stayers seeing 4.5% raises and job-switchers at 6.6%. The economy relies heavily on a few sectors, making it crucial to monitor the balance moving forward.
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