Summary: ADP payrolls up 455,000 in March; greater than consensus expectations; February rise revised up by 11,000; suggests high inflation, Russia-Ukraine war, haven’t dented employment growth yet; positions up in businesses of all sizes; little over 80% of gains in services sector, led by leisure/hospitality sector. The ADP National Employment Report is a monthly report which provides an estimate of US non-farm employment in the private sector. Since publishing of...