Economy

US private sector created 220,000 in April: ADP

ADP: Private sector employment up 220,000 in April
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ADP: Private sector employment up 220,000 in April

The ADP National Employment Report showed private employers added 220,000 jobs to their payrolls in April after increasing headcount by 209,000 in March.

Economists in a consensus survey expected ADP's national employment index to show the economy created 200,000 private sector jobs in April, up from March's 191,430 reading.

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"This weakness is not carrying through the second quarter," said Gus Faucher, senior economist at PNC Financial Services in Pittsburgh.

By Reuters