US Private Sector Added Only 119,000 Jobs In April: ADP

 @JosephLazzaro on May 02 2012 8:29 AM
US Job Market
The U.S. private sector added 209,000 jobs in April, ADP said in its monthly report -- just above the Bloomberg News consensus estimate 0f 208,000. REUTERS

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.

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