ADP Report: Job Growth Rebounds with Manufacturing in the Lead

In March 2025, the U.S. private sector added 155,000 jobs, exceeding expectations and marking a strong rebound from February’s revised total of 84,000, according to the latest ADP National Employment Report. Notably, the manufacturing sector contributed 21,000 new jobs — its largest monthly gain since October 2022 — while professional/business services and financial activities also saw robust growth. Despite the positive hiring trend, year-over-year pay growth continued to cool for both job-stayers and job-changers. The overall data suggests a labor market that remains resilient yet stable, echoing recent descriptions by the Federal Reserve as “low hiring, low firing.”