6 May 2015
US Private sector added 169K jobs in March – ADP
FXStreet (Mumbai) - The data released by the Automatic Data Processing, Inc, (ADP) showed the US private sector added far less jobs in April than the consensus estimate, thereby contradicting the Fed’s view that the jobs growth could remain robust despite slowdown in the first quarter.
The ADP report showed private sector in the US added 169,000 jobs in April. Economists had called for the report to show private employers added 200,000 jobs in April, compared to 189,000 additions seen in March.
Small sized firms (1-49 employees) added 94K jobs, Mid-sized firms (50-499 employees) added 70K jobs, and Large sized firms (500+ employees) added 5K jobs. Sector wise details reveal 170K jobs were added by the service industry, while the goods-producing sector shed 1K jobs in April.
The ADP report showed private sector in the US added 169,000 jobs in April. Economists had called for the report to show private employers added 200,000 jobs in April, compared to 189,000 additions seen in March.
Small sized firms (1-49 employees) added 94K jobs, Mid-sized firms (50-499 employees) added 70K jobs, and Large sized firms (500+ employees) added 5K jobs. Sector wise details reveal 170K jobs were added by the service industry, while the goods-producing sector shed 1K jobs in April.