(Editor’s Note: The March report utilizes data through March 12 and does not reflect the full impact of COVID-19 on overall employment.)
Private sector employment was down by 27,000 jobs between February to March, according to the March ADP National Employment Report by Roseland-based ADP.
The payroll and human services company said in its report that total nonfarm private jobs were down when compared to last month’s increase of 179,000 jobs.
“It is important to note that the ADP National Employment Report is based on the total number of payroll records for employees who were active on a company’s payroll through the 12th of the month. This is the same time period the Bureau of Labor and Statistics uses for their survey,” Ahu Yildirmaz, co-head of the ADP Research Institute, said. “As such, the March NER does not fully reflect the most recent impact of COVID-19 on the employment situation, including unemployment claims reported on March 26, 2020.”
By company size, small businesses with less than 50 employees lost 90,000 workers this month, while medium businesses with 50 to 499 employees added 7,000 and large businesses with 500 or more employees added 56,000.
It was a negative month in both the goods-producing and the service-providing sectors, which lost 9,000 and 18,000 jobs, respectively.
Among industries, education and health services added the most, with 48,000 new positions. The rest of the industries all lost roles, including trade/transportation utilities (-37,000), leisure and hospitality (-11,000), other services (-8,000), information (-7,000) and professional services (-3,000). The Financial activities sector did not gain or lose any positions.
