Private-Sector Adds Only 64,000 Jobs in April: ADP
U.S. private employers likely added 64,000 jobs in April, down from a revised 98,000 reading in March, a report by a private employment service said.
The report suggests monthly gains of employment in the private non-farm business sector averaged a moderate 76,000 over the last three months, said ADP Employer Services, whose
employment report was jointly developed with Macroeconomic Advisers.
Economists polled by Reuters forecasted an expected increase of 100,000 jobs in April.
Automatic Data Processing , based in Roseland, New Jersey, is the parent of ADP Employer Services and is a large payroll services company. Macroeconomic Advisers is based in St. Louis, Missouri. The ADP National Employment Report is released each month, two days prior to the government's own job survey.
According to the latest Reuters poll of economists, the U.S. Labor Department on Friday is expected to show that 100,000 non-farm payroll jobs were created in April, down from 180,000 in March.