U.S. private sector adds fewer jobs than expected in AprilStaff writer ▼ | May 4, 2016
The U..S private sector added fewer jobs than expected in April. According to ADP, employers added 156,000 jobs in April compared with a downwardly-revised 194,000 in March and much weaker than expectations of 196,000.
Employment Goods-producing employment fell by 11,000 jobs
The construction industry added 14,000 jobs, down from March's 18,000, while manufacturing lost 13,000 jobs after being revised down to a 3,000 drop the previous month.
Mark Zandi, chief economist of Moody's Analytics, said: "The job market appears to have stumbled in April. Job growth noticeably slowed, with some weakness across most sectors.
"One month does not make a trend, but this bears close watching as the financial market turmoil earlier in the year may have done some damage to business hiring." ■