In March, the "mini non-farm" in the United States exceeded expectations! Employment numbers steadily increasing, with wages rising faster.

The national employment report released by ADP in the United States on Wednesday shows that employment in the private sector in the US steadily increased in March. Following a revised increase of 66,000 people in February, private sector employment increased by 62,000 people in March, economists had expected an increase of 40,000 people, and the previously reported increase in February was 63,000 people. The report shows that in March, both recruitment and wage growth remained stable, indicating that the labor market may be stabilizing. Small businesses with fewer than 50 employees continued to be the main driver of employment growth for the second consecutive month, adding 85,000 jobs, offsetting the decline in medium-sized businesses (a decrease of 20,000) and large businesses with 500 employees or more (a decrease of 4,000). ADP chief economist Nela Richardson stated that this shift may be due to industries "playing catch-up," the impact of inflation, and the need for people to take on second or third jobs to keep up with small business price levels. Similar to the February report, almost all of the increases came from two industries. The education and healthcare services industry contributed 58,000 new jobs, consistent with the total in February; the construction industry added 30,000 new jobs. Recruitment activities in the trade, transportation, and utilities sector continued to decline. In the service-dominated US economy, employment growth in March saw a rare balance - the goods-producing sector added 30,000 jobs, while the service sector added 32,000 jobs. Richardson stated that overall recruitment remains stable, but job growth continues to tilt towards specific industries such as healthcare. In March, while the job market performed strongly, wage growth for job changers also increased. The wage growth for those who remained in their positions stayed steady at 4.5%, while those who changed jobs saw a wage increase of 6.6%, up 0.3 percentage points from February. The ADP report is compiled by ADP in collaboration with the Stanford Digital Economy Lab and is released earlier than the more comprehensive and widely watched nonfarm payroll report for March by the US Bureau of Labor Statistics on Friday. ADP's employment data has always struggled to accurately predict estimates of nonfarm payroll numbers. An economist survey predicts that with the end of strikes by healthcare workers and warmer temperatures, nonfarm payrolls in March may rebound by 60,000, compared to a decrease of 92,000 in February. Private sector employment in March, as projected by the US Bureau of Labor Statistics, is expected to increase by 70,000 people, after a decrease of 86,000 people the previous month. The unemployment rate is expected to remain unchanged at 4.4%.