U.S. Labor Market Shows Resilience as Private-Sector Hiring Surges in March

Despite cooling job openings and rising federal layoffs, March saw a stronger-than-expected addition of 155,000 private-sector jobs ahead of President Trump's tariff announcement.

Private-sector hiring rebounded in March with 155,000 jobs added, surpassing economists' expectations of 115,000, according to ADP's National Employment Report.
Wage growth for job changers fell to 6.5% in March, the lowest level since 2020, reflecting a less dynamic labor market.
Federal layoffs increased significantly in February, reaching their highest level since 2020, as part of broader government workforce reductions.
President Donald Trump is set to announce new global reciprocal tariffs on April 3, 2025, raising concerns among economists about potential inflation and heightened recession risks.
Job openings declined to 7.568 million in February, with economists attributing the drop to economic uncertainty linked to tariff policies.