losangelesnewstoday.com April 22, 2018

ADP National Employment Reports Says Private Sector Added 177000 Jobs in April

04 May 2017, 10:42 | Maryann Sutton

Survey: Businesses added solid 177000 jobs in April

Survey: US businesses added solid 177000 jobs in April

Private-sector employment increased by 177,000 jobs nationwide from March to April, according to the latest National Employment Report from ADP.

"Wage growth is picking up, which is important for consumer spending and the economy picking up and making sure the expansion continues beyond its eighth birthday, which is in June", Zandi said during a conference call Wednesday with reporters. This is down from 255,000 jobs added in March and the first report under 200,000 in the past six months. The ADP figures have shown a spotty relationship with the government's monthly payrolls tallies, particularly in March when the group's reading was nearly triple the Labour Department's gain in private employment.

The gap demonstrated why some economists have cautioned against using the ADP print as a preview of the official jobs report.

"In April we saw a moderate slowdown from the strong pace of hiring in the first quarter", said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, in a statement. ADP, a human resources management company, is based in Roseland, N.J.

According to ADP, there was an increase in employment of 61,000 for small companies, 78,000 for mid-sized companies and 38,000 for large companies with all categories showing slower growth than in March.

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The service-providing sector added 165,000 jobs, including 72,000 in professional and businesses services such as accounting and tax preparation.

"The softness in construction is continued payback from outsized growth during the mild winter", he said. Among goods-producing industries, manufacturing added 11,000 positions.

Economists polled by Econoday had forecast an April gain in ADP employment of 170,000, compared with an originally reported increase of 263,000 for March.

"Brick-and-mortar retailers cut jobs in response to withering competition from online merchants".

The unemployment rate is expected to have ticked up to 4.6 percent in April.

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