Small and midsized businesses added 124,000 jobs in March, according to the ADP National Employment Report from payroll and benefits outsourcer ADP Inc.
The monthly index, conducted in conjunction with Macroeconomic Advisers LLC, is based on actual payroll date and measures changes in non-farm private employment.
Overall, Private non-farm employment grew 106,000 from February to March of 2007 on a seasonally-adjusted basis.
Joel Prakken, chairman of Macroeconomic Advisers, said that the report suggests employment in March grew in line with the recent three-month average increase in employment of 101,000. He also said that over the last six months, small and midsized businesses accounted for the majority of growth in private non-farm employment.
