Private sector hiring steady through March

The national economy got some great new in the first few months of 2013 after private sector hiring totals in January and February both neared 200,000. However, while all signs point to a continued recovery, a recent employment report from ADP found private sector hiring in March, while remaining steady, slowed to a middling point. With positive job creation still occurring in businesses large and small, firms can work with recruiting agencies to improve their talent situation.

Gains led by small businesses
After ADP's monthly jobs report found private employers had created a downwardly revised 177,000 jobs in January and an upwardly revised 237,000 position in February, total non-farm payroll hiring reached 158,000 in March. The report, produced in conjunction with Moody's Analytics, found March's total was the lowest since October 2012, but well above low job totals in August (73,000) and June (88,000) last year.

The majority of private sector job creation occurred in small businesses, often known as the backbone of the American economy and job market. The report found small employers with between 1 and 19 employees created 74,000 new positions, while those with 20 to 49 workers added 44,000 jobs in March.

Medium-sized businesses – establishments with staff levels between 50 and 499 employees – increased employment levels by 37,000 positions, while large businesses added 47,000 new jobs; 27,000 new jobs were created at firms with between 500 and 999 employees and businesses with 1,000 or more workers boosted employment by 20,000.

"Job growth moderated in March," said Mark Zandi, chief economist of Moody's Analytics. "Construction employment gains paused as the rebuilding surge in the wake of Superstorm Sandy ended. Anticipation of healthcare reform may also be weighing on employment at companies with close to 50 employees. The job market continues to improve, but in fits and starts."

Manufacturing hiring on the uptick
An inspiring report finding for manufacturing recruiters and businesses was the creation of 6,000 new jobs in the industry during March, accounting for just about all of the 7,000 new jobs created in goods-producing, as construction employment was flat from February to March.

The March job creation was led for the most part by service-providing firms, which increased hiring by 151,000 positions. The highest total for job creation occurred in professional and business service (39,000), while trade/transportation/utilities was not far behind (22,000).