US Companies Add 62,000 Jobs, Led by Health Care, ADP Says (3)

US companies added more jobs than expected last month, suggesting the labor market may be stabilizing.

Private-sector payrolls increased by 62,000 in March after a similar advance in the prior month, according to ADP Research data out Wednesday. The median estimate in a Bloomberg survey of economists called for a 40,000 advance.

The advance in hiring was led by the education and health services and construction sectors. Education and health services have been responsible for the majority of job creation in the last year. Trade, transportation and utilities as well as manufacturing saw job losses.

“Overall ...