US businesses added solid 177000 jobs in April

Brittany BishopMay 04, 2017

ADP, which jointly developed its employment report with Moody's Analytics, said private employers face increasing difficulty finding qualified workers in a tightening labor market.

Although robust ADP data for January and February was followed by stronger than expected data for non-farm payrolls, the relationship broke down for March's data as the non-farm payrolls estimate was substantially below the ADP figure at 98,000.

Ahead of today's market open, Automatic Data Processing (ADP - Free Report), the premier private-sector employment survey reporter, showed a gain of 177K new non-government jobs in the month of April.

The ADP report is based on an analysis of the company's payroll data. The government doesn't break out hiring by company size, but it will give some indication of how small businesses are faring.

Federal Reserve policymakers are analyzing recent economic data as they meet this week to decide whether to raise a key short-term interest rate. Growth was just 0.7 percent at an annual rate in the first quarter, and auto sales slumped last month.

As is usually the case, most of the new jobs - 165,000 - were created in service-providing industries - with professional/business services adding 72,000 positions, followed by administrative/support services (+53,000), education/health services (+41,000), leisure/hospitality (+ 35,000), and health care/social assistance (+22,000).

Construction hiring accelerated in the first two months of the year, when temperatures were warmer than usual, and has leveled off since then.

Only the information industry recorded a decline in employment.

Employers added 177,000 jobs versus expectations for a 180,000 increase.

Economists had expected the April figure to be 175,000.

While the ADP report showed hiring fell to a six-month low, most economists weren't concerned. Paul Ashworth, an economist at research firm Capital Economics, said April's job gains are enough to lower the unemployment rate over time.

Related Articles:

« Previous article
Next article »

Popular Pages

Richmond NASCAR: Joey Logano comes from last to lead Penske one-two
Joey Logano nabbed his first victory of the season, holding off Team Penske teammate Brad Keselowski by about 10 vehicle lengths. That followed a second-place finish at RIR in the fall, a huge improvement over his previous best of 11th.

OnePlus 5 Specs Revealed In New Alleged Leak
OnePlus' CEO Pete Lau has posted a picture on his Chinese Weibo account that confirms a new OnePlus smartphone is on the way. The user says previous OnePlus 5 rumors that said the phone will have a vertical dual lens camera are false.

Controversial Trump Adviser Sebastian Gorka Reportedly Out at the White House
A spokesperson for the White House told BuzzFeed News that there was "nothing to announce at this time " regarding Gorka. At least 18 Democratic representatives signed a letter calling on President Trump to dismiss the top security adviser.

Canadian Leader Responds To Lumber Tariffs Imposed By The US
In America, the producers typically own their logs and must price and produce according to market conditions. It had brought us all 10 mercifully splinter-free years. "But I claim no expertise in Canadian politics".

Cowboys target D as expected with Michigan's Taco
Malik McDowell, potential Cowboys first round pick. "He has the arm length that we're trying to get at the right defensive end". Stephen Jones said the Cowboys had first-round grades on three defensive ends but that Charlton was not one of them.

McDonald's rolls out the 'frork,' a utensil made of fries
McDonald's is touting a new french fry-centric utensil — the " frork " — as part of a campaign to promote its new line of burgers. The products range in price from $4.99 to $5.19.

Manny Machado Shows Restraint After Targeting: "They Think I'm The Villain"
RED SOX KEY TRENDS: The Red Sox have been a poor bet to win on the road, losing 11 of their last 14 games away from Fenway Park. No matter what the circumstance, you don't throw near a hitter's head. "Whatever happened today, I'm going to keep (being) me".

US Q1 growth weakest in three years as consumer spending falters
In addition to weaker consumer activity, the first-quarter slowdown also reflected a cutback in restocking of store shelves. Normally PCEs drop off a bit in the first quarter of any year, coming after the spending sprees of Q4 holiday seasons.

Predators beat Blues 4-3 in Game 1 of second-round series
He joins Craig Smith and Calle Jarnkrok on the sideline, the only difference is, we know Fiala won't be back this season. Third period push - Down two, the Blues had no choice but to push the envelope and go for it in the third period.

Ronaldinho "very happy" for Lionel Messi
After Lionel Messi's dramatic late victor in the visitors' 3-2 win, fans in Blaugrana jerseys could clearly be seen dotted among the Madridistas.