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Headline : U.S. private employers add 192,000 jobs in April - ADP

Read more from the original article on here at ng.investing.com.





Tags : #us #private #employers #add #192000 #jobs #april #adp


No. of Paragraph 6

Investing.com -- The U.S. private sector added far more jobs than expected in April, pointing to continued strength in the labor market that will likely impact how Federal Reserve policymakers approach potential interest rate cuts this year.

Private sector employment increased by 192,000 jobs last month, according to data from payrolls processor ADP. Economists had forecast jobs growth of 179,000. March's job gains were revised up to 208,000 from 184,000.

The average pace of hiring has accelerated over the last three months after slowing late last year, almost matching gains made in the first half of 2023. Pay growth continues to slow, the report said

“Hiring was broad-based in April,” said Nela Richardson, chief economist, ADP. “Only the information sector – telecommunications, media, and information technology – showed weakness, posting job losses and the smallest pace of pay gains since August 2021.”

Read more from the original article on here at ng.investing.com.


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