U.S. private payrolls post biggest gain in six months; housing market cooling
In March, U.S. private employers hired the most workers in six months, as more Americans received vaccinations against COVID-19, allowing for a broader reopening of the economy. This is expected to unleash a strong wave of pent-up demand in the coming months. The ADP National Employment Report showed a jump in hiring, which was slightly lower than economists' predictions, but still indicated an improvement in labor market conditions. The leisure and hospitality industry saw the biggest increase in hiring. The labor market and economy are being further supported by the White House's $1.9 trillion pandemic relief package.0
