U.S. ADP private payrolls rise more than expected in March

The U.S. ADP private payrolls increased sharply by 455,000 in March, higher than market expectations of 450,000, and the previous value increased by 486,000. Manufacturing jobs rose by 79,000 over the period, while service jobs rose by 377,000. The strong growth of "small non-agricultural" jobs in the United States reflects the easing of the new crown epidemic, which continues to support the continuous improvement of the labor market, and the confidence of enterprises in recruiting does not seem to be affected by the Russia-Ukraine incident.