US Companies Add 62,000 Jobs in April: ADP

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Bloomberg Apr 30 21:12 · 24.7k Views

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  • 00:00 Don't know how much credibility to give it, but ADP finds a disappointing March or April number rather.
  • 00:05 62,000 jobs created.
  • 00:07 That is a lot less than 115,000 that analysts thought they might report.
  • 00:12 It's down from 147,000
  • 00:15 the month before.
  • 00:17 Most of the jobs lost were in the service industry.
  • 00:21 23,000 jobs in education and health services, which have been
  • 00:25 the strength
  • 00:26 of the hiring in the US over the last six months.
  • 00:30 Months to six years, It seems like
  • 00:32 we have a pay number for them.
  • 00:34 Job stayers saw raises of 4 1/2%, slightly less than last month.
  • 00:38 Job changers 6.9%, slightly higher than the previous month.
  • 00:43 So we shall see whether the
  • 00:45 ADP numbers translate into anything useful for Friday's payroll numbers.
  • 00:50 The
  • 00:50 number that would compare
  • 00:52 forecast right now, 122,000 for private sector jobs in Friday's payrolls report.