Trump Effect: ADP Employment Surges To Highest Since 2014 As Manufacturing Hiring Spree Continues

Wednesday, April 5, 2017
By Paul Martin

by Tyler Durden
Apr 5, 2017

After last month’s private payrolls scorcher, when ADP reported that a whopping 298K jobs were added, the biggest increase in 6 years on a record surge in good producing jobs, this morning ago the momentum continued when ADP reported that in March the US generated 263,000 jobs, smashing expectations of a 185,000 gain, and after a downward revision to the February number from 298K to 245K, this was the highest print since December 2014.

Goods producers added 82,000 while construction jobs swelled by 49,000 and manufacturing added 30,000.

Broken down by firm size:

Small firms (1-49) added 118k jobs in March
Medium firms (50-499) added 100k jobs in March
Firms with over 500 employees added 45k jobs

The Rest…HERE

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