UPDATE: U.S. Private-Sector Employment Increased by 119K Jobs in April, According to ADP National Employment Report

Private-sector employment increased by 119,000 from March to April on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP®), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month. The estimated gain from February to March was revised down modestly, from the initial estimate of 209,000 to a revised estimate of 201,000. According to today's ADP National Employment Report, employment in the nonfarm private business sector rose 119,000 from March to April on a seasonally adjusted basis. Employment in the private, service-providing sector rose 123,000 in April, after rising 158,000 in March. Employment in the private, goods-producing sector declined 4,000 in April. Manufacturing employment declined by 5,000, the first drop since September of last year. Construction employment also fell by 5,000, the first loss in seven months and following healthy gains during the unusually warm winter months. The financial services sector added 13,000 from March to April. Employment levels among medium-sized payrolls -- those with 50 to 499 workers -- rose 57,000. Employment on large payrolls -- those with 500 or more workers -- increased by 4,000. The matched sample used to develop the ADP National Employment Report was derived from ADP data, which, during 2011, averaged about 344,000 U.S. business clients and represented over 21 million U.S. employees. This approximately represents the size of the matched sample used this month.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsBondsFuturesForexEcon #sEconomicsMarkets
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!