The U.S. private sector added just 119,000 jobs in April, ADP announced on Wednesday in its monthly report -- substantially below the Bloomberg News consensus estimate of 183,000.
Also, March's total was revised down 8,000 to 201,000.
In April, employment on large companies -- those with 500 or more workers -- increased by 4,000, and employment on medium payrolls -- those with 50 to 499 workers -- rose 57,000 in April, ADP said. Employment in small companies -- those with up to 49 workers -- rose 58,000 that same period.
Of the 119,000 jobs created by private businesses, the goods producing sector shed 4,000 jobs, and 49,000 jobs were created by the service-providing sector.
Details to follow.
Joseph Lazzaro, U.S. Editor, served as Managing Editor of New York-based financial news web sites WallStreetEurope.com/WallStreetItalia.com, 1999-2004, and as Economics...