LoginAs lower temperatures help usher the country into a state of improved working conditions for an array of industries, employment slowly inches up across the board. According to the recently released ADP National Employment Report, businesses posted increasing production numbers in the month of March, signaling further economic growth across the U.S.
The report stated that private employment rose by 191,000 jobs, with small businesses posting the largest gains at 72,000 new positions. Manufacturing and financial industries reported increasing opportunities, but trade and professional services hired the most employees during the month. While the construction industry did not post as many jobs, it showed impressive growth during the month, adding 20,000 positions.
Economists have stressed since December that weaker employment numbers could be largely attributed to the extreme weather. Mark Zandi, the chief economist of Moody's Analytics, explained in the ADP report that these higher numbers are illustrative of the impact weather had on the economy.
"The job market is coming out from its deep winter slumber," Zandi said. "Job gains are consistent with the pace prior to the brutal winter. The gains are broad based across industries and business size classes. Even better numbers are likely in coming months as the weather warms."
The country will have a better understanding of nationwide employment when the U.S. Bureau of Labor Statistics releases its March Employment Situation report April 4.