US private payrolls up by 742,000 in April – ADP

The number of jobs in the United States private sector increased by 742,000 in April compared to the previous month, below analyst’s expectations, data in the ADP National Employment Report showed on Wednesday. Employment in large businesses contributed the most to the increase in April with 277,000 new jobs added. At the same time, midsized and small businesses added 230,000 and 235,000 new jobs respectively. The services-providing sector once again recorded the largest increase with 636,000 new jobs, while the goods-producing sector added 106,000 jobs. ADP’s chief economist Nela Richardson commented on the report saying: “Service providers have the most to gain as the economy reopens, recovers, and resumes normal activities and are leading job growth in April. While payrolls are still more than 8 million jobs short of pre-COVID-19 levels, job gains have totaled 1.3 million in the last two months after adding only about 1 million jobs over the course of the previous five months.”