Private Employment Grows By 184,000 In March, Tops Expectations: 'Pay Is Heating Up'
Private Employment Grows By 184,000 In March, Tops Expectations: 'Pay Is Heating Up'
The pace of employment growth among U.S. private businesses exceeded expectations in March, signaling ongoing resilience in the job market.
3月份，美國私營企業的就業增長速度超出預期，這表明就業市場持續保持彈性。
According to the most recent ADP National Employment Report, private employers expanded their workforce by 184,000 new jobs last month, up from 140,000 in February, surpassing the projected 148,000.
根據最新的ADP全國就業報告，私人僱主上個月增加了18.4萬個新工作崗位，高於2月份的14萬個，超過了預計的14.8萬個。
The ADP report provides a preview of the Bureau of Labor Statistics' official job data for March, which is set to be released this Friday. Economists' projections suggest a decrease in non-farm payroll growth, from 275,000 in February to 200,000 in March. It's expected that the unemployment rate will remain stable at 3.9%, while average hourly earnings are forecasted to grow by 4.1% year-over-year, representing a slowdown compared to the previous rate of 4.3%.
ADP報告預覽了勞工統計局3月份的官方就業數據，該數據定於本週五發佈。經濟學家的預測表明，非農就業增長將從2月份的27.5萬人下降到3月的20萬人。預計失業率將穩定在3.9％，而平均小時收入預計將同比增長4.1％，與之前的4.3％相比有所放緩。
ADP Employment Report: Key Highlights
ADP 就業報告：主要亮點
- Services-providing companies added 142,000 jobs, while goods producers 42,000.
- Industries experiencing notable increases in employment include leisure and hospitality (63,000), construction (33,000), trade, transportation, and utilities (29,000), financial activities (17,000) and education/health services (17,000). Professional and business services was the only industry experiencing a loss of 8,000 jobs.
- Wage growth flattened, with job-stayers seeing a 5.1% pay increase, which was the rate recorded in February, while job changers experienced a 10% increase, up from the 7.6% in February.
- Nela Richardson, chief economist at ADP, said,"March was surprising not just for the pay gains, but the sectors that recorded them. The three biggest increases for job-changers were in construction, financial services, and manufacturing. Inflation has been cooling, but our data shows pay is heating up in both goods and services."
- 服務提供公司增加了14.2萬個工作崗位，而商品生產商增加了4.2萬個工作崗位。
- 就業人數顯著增長的行業包括休閒和酒店業（63,000）、建築業（33,000）、貿易、運輸和公用事業（29,000）、金融活動（17,000）和教育/醫療服務（17,000）。專業和商業服務業是唯一失去8,000個工作崗位的行業。
- 工資增長趨於平緩，留職者的工資增長了5.1％，這是2月份的增長率，而工作變動者的工資增長了10％，高於2月份的7.6％。
- ADP首席經濟學家內拉·理查森表示：“3月份的不僅是薪酬增長令人驚訝，而且是記錄薪酬增長的行業。就業變動者增幅最大的三個領域是建築業、金融服務業和製造業。通貨膨脹一直在降溫，但我們的數據顯示，商品和服務的薪酬都在升溫。”
Market Reaction
市場反應
The U.S. Dollar Index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), inched higher following the release. Treasury yields were up by about 4 basis points.
景順數據庫美元指數看漲基金ETF（紐約證券交易所代碼：UUP）追蹤的美元指數（DXY）在發佈後小幅走高。美國國債收益率上升了約4個點子。
Futures on U.S. equity indices fell during the premarket trading Wednesday, following the drops seen Tuesday. Contracts on the Nasdaq 100 and the S&P 500 were down by 0.3% and 0.1%, respectively, by 8:35 a.m. ET.
繼週二下跌之後，美國股指期貨在週三盤前交易中下跌。截至美國東部時間上午8點35分，納斯達克100指數和標準普爾500指數的合約分別下跌了0.3％和0.1％。
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