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US private sector job growth slows to 156,000 jobs in April: ADP

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A private survey found US companies added jobs at the slowest pace in three years in April. According to Payroll Processor ADP, businesses added 156,000 jobs in April down from 194,000 jobs in March. Weak hiring at medium and larger companies and losses in manufacturing have slowed job growth. Manufacturers shed 11,000 jobs, after losing 3,000 the previous month. Services firms added fewer jobs this month. The figures come just two days before the US government’s official jobs report. The ADP numbers cover only private businesses and often diverge from the official figures.

Added on the 04/05/2016 10:05:53 - Copyright : Wochit

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