ADP: April Private-Sector Jobs Up 119K, Well Below Expectations
02 Maio 2012 - 9:57AM
Dow Jones News
Private businesses hired at a very anemic pace in April as
factory jobs declined, according to a report released
Wednesday.
Private-sector jobs in the U.S. increased just 119,000 last
month, according to a national employment report calculated by
payroll processor Automatic Data Processing Inc. (ADP) and
consultancy Macroeconomic Advisers.
The gain was far below economists' median expectation of 175,000
contained in a survey done by Dow Jones Newswires.
The March data were revised to show an advance of 201,000
instead of the 209,000 increase reported earlier.
The ADP survey tallies only private-sector jobs, while the
Bureau of Labor Statistics' nonfarm payroll data, to be released
Friday, include government workers.
The March change in nonfarm payrolls was very disappointing,
with only 120,000 jobs added. Economists surveyed by Dow Jones
Newswires expect total nonfarm payrolls rose by a faster 168,000 in
April, but that rate is not fast enough to change the jobless rate,
which is forecast to remain at 8.2%.
The very weak ADP measure may cause economists to alter their
payrolls forecast.
The latest ADP report showed large businesses with 500 employees
or more added only 4,000 employees to their staffs in April, while
medium-size businesses added 57,000 workers and small businesses
that employ fewer than 50 workers hired 58,000 new workers.
Service-sector jobs increased by 123,000 last month, and factory
jobs fell 5,000.
ADP, of Roseland, N.J., says it processes payments of one in six
U.S. workers. Macroeconomic Advisers, based in St. Louis, is an
economic-consulting firm.
In other Wednesday job news, TrimTabs Investment Research says
April payrolls grew by 116,000 new jobs, down from their estimate
of 150,000 positions created in March.
Trimtabs uses daily tax deposits to calculate the monthly change
in payrolls.
-By Kathleen Madigan, Dow Jones Newswires; 212-416-2466;
kathleen.madigan@dowjones.com
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