Economics
U.S. Companies Add Most Jobs Since September, ADP Data Show
- Payrolls gain of 517,000 follows stronger February increase
- Leisure, hospitality industry saw the most hiring in March
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U.S. private employers in March added the most jobs in six months, signaling that a pickup in Covid-19 vaccinations and business reopenings are encouraging hiring.
Company payrolls increased by 517,000 during the month and February was revised up to a 176,000 gain, according to ADP Research Institute data released Wednesday. The median projection in a Bloomberg survey of economists called for an increase of 550,000.