US private hiring surges in March

2 April, 2021 12:00 AM printer

WASHINGTON: Private firms in the past month hired at the fastest pace since September, according to a survey released Wednesday, a welcome rebound after several tepid results in the pandemic recovery.

Data from payroll services firm ADP showed private employment jumped by 517,000 in March, slightly less than economists had expected but much better than the 176,000 gain in February, reports AFP.

The vast majority of the jobs were in the services sector, including a surge of 169,000 in leisure and hospitality, the sector hardest hit by the Covid-19 restrictions.

Goods-producing firms added 80,000 positions, also the best result since September and recovering the 11,000 lost in the prior month, the survey showed.

"Job growth in the service sector significantly outpaced its recent monthly average, led with notable increase by the leisure and hospitality industry," ADP chief economist Nela Richardson said.