U.S. private sector adds 177000 jobs in April: ADP

Survey: US businesses added solid 177000 jobs in April

Private US companies hired at a slightly slower pace in April, with new employment almost entirely in the services sector, payroll firm ADP reported Wednesday.

The report comes after other recent signs the economy has slowed. March's figure was revised down to 255,000.

Last month, you'll recall, this government report from the Bureau of Labor Statistics (BLS) showed a paltry 97K new jobs in the US for the month of March.

In March, the United States Labour Department reported a rise of just 98,000 non-farm payrolls, far below the ADP figure.

"Looking across company sizes, midsized businesses showed persistent growth for the past six months", Yildirmaz said. It often diverges from federal data.

The ADP report is based on an analysis of the company's payroll data.

"The softness in construction is continued payback from outsized growth during the mild winter", he said.

Small businesses with fewer than 50 employees added 61,000 jobs, while medium businesses with between 50 and 499 employees added 78,000.

Service-providing employment rose by 165,000 jobs, driven by the professional and business services sector which added 72,000 jobs. Brick-and-mortar retailers also cut jobs in response to stiff competition from online merchants like Amazon.

Mark Zandi, chief economist of Moody's Analytics, which compiles the monthly national employment report with ADP, attributed the job growth slowdown in April to a pullback in construction and retail jobs.

The unemployment rate is forecast to tick up to 4.6 percent from the 4.5 percent recorded a month earlier.

Goods-producing firms added 12,000 payroll positions, with 11,000 hires in manufacturing and 3,000 in natural resources/mining. Those businesses had added 44,000 net new jobs in March and a total of 154,000 in the first three months of the year as unusually warm weather allowed spring projects to begin early.

With economic and job growth slowing, Fed officials are expected to hold the rate steady when they announce their decision Wednesday.

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