TechFlow News, April 1: According to data from JINSHI Data, U.S. payroll processing firm ADP reported that hiring and wage growth both remained stable in March. Smallest-sized enterprises served as the primary engine of job growth for the second consecutive month, while hiring activity in the trade, transportation, and utilities sector continued to contract.
Nela Richardson, ADP’s Chief Economist, stated: “Overall hiring conditions remain steady, yet job growth continues to concentrate in specific sectors such as healthcare. In March, while the labor market remained robust, salary increases for job switchers also rose.”
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