Private sector added 455,000 jobs in March following revised 486,000 in February and totaling 1.45 million the first quarter, according to ADP monthly survey. Travel and hospitality added 161,000, education and health services added 72,000 and business services expanded by 61,000 net new jobs. Manufacturing added 54,000 jobs followed by construction adding 15,000.
The largest military budget in the world is likely to get even larger according to the latest budget proposal from the U.S. president. Of the $5.8 trillion budget proposed by President Biden, $795 billion is for military spending, higher than $770 billion in 2022, and $915 billion for domestic programs with the remainder for mandatory spending.