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- U.S. private employers add 275,000 jobs in April - ADP
U.S. private employers add 275,000 jobs in April - ADP
The
employment report prepared by Automatic Data Processing Inc. (ADP) and Moody's
Analytics showed on Wednesday the U.S. private employers added 275,000 jobs in April.
That was the largest monthly jobs gain since July 2018.
Economists
had expected a gain of 180,000.
The
increase for March was revised up to 151,000 from the originally
reported 129,000.
“April
posted an uptick in growth after the first quarter appeared to signal a
moderation following a strong 2018,” said Ahu Yildirmaz, vice president and
co-head of the ADP Research Institute. “The bulk of the overall growth is with
service providers, adding the strongest gain in more than two years.”
Meanwhile,
Mark Zandi, chief economist of Moody’s Analytics, noted, “The job market is
holding firm, as businesses work hard to fill open positions. The economic soft
patch at the start of the year has not materially impacted hiring. April’s job
gains overstate the economy’s strength, but they make the case that expansion
continues on.”
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