In March 2025, the job market showed surprising strength with 155,000 new jobs added, according to ADP. This number is significantly better than January’s revised figure of 84,000 and surpassed expectations of 120,000. This surge comes amid concerns about President Trump’s tariffs potentially slowing down hiring.

The new jobs spanned various sectors. Professional and business services led the way, adding 57,000 workers, while the financial sector welcomed 38,000 new employees as tax season picked up. Manufacturing contributed 21,000 jobs, and the leisure and hospitality industries added 17,000. However, trade, transportation, and utilities saw a decline of 6,000 positions.
Wage growth is also noteworthy. Workers who stayed in their roles saw a 4.6% increase in earnings over the past year. Those who changed jobs enjoyed a 6.5% rise. This trend indicates that many workers are hesitant to switch jobs, which could explain the shrinking gap in wage growth between job changers and those who remain in their positions.
The labor market remains solid overall. Recent statistics from the Bureau of Labor Statistics show that job openings now closely match the number of available workers. A few years ago, openings outnumbered unemployed individuals by a ratio of 2 to 1.
Looking ahead, the more comprehensive Bureau of Labor Statistics report is set to be released soon. Unlike ADP’s report, this one will include government jobs and is expected to show payroll growth of about 140,000 for March.
In today’s economic climate, job gains amid trade uncertainty reflect resilience in the labor market—an essential indicator of the economy’s health. Keeping an eye on these trends can help individuals make informed decisions about their careers and investments.
For more on labor market trends, you can check the latest reports from the Bureau of Labor Statistics.
Source link
Jobs,Breaking
Check out this related article: How Trump’s New Tariffs Could Further Impact Our Struggling Economy
news,Economy,Breaking News: Economy,business news