Wednesday, May 1, 2013

ADP Employment Grew By 119,000 in April

ADP’s National Employment Report indicated that the private sector added 119k jobs in April. April’s increase was weaker than March's gain, which was revised down to 131k jobs. April's report is the slowest pace of expansion since September 2012. March's ADP report, indicating 131k jobs translated to 88k jobs created as reported by the BLS, so it is possible that this month's job creation will be even weaker than last.

Keeping with recent trends, the majority of job creation in April came from the service sector, which created 113k jobs.

The goods sector continued its positive trend, adding 6k jobs. Trade, transportation and utilities led the way in April's job growth, adding 29k jobs. After driving gains in March, the manufacturing sector was the only component to lose jobs in April, decreasing by 10k jobs. The goods sector has now seen employment gains for five consecutive months.

Read the ADP release.

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