ADP National Employment Report (04/30/14)
Private sector employment increased by 220,000 jobs from March to April, according to the April ADP National Employment Report. Goods-producing employment rose by 24,000 jobs in April, down from 28,000 jobs gained in March. Most of the gains again came from the construction industry, which added 19,000 jobs over the month, compared with 21,000 in March. Manufacturing continued to be sluggish, adding 1,000 jobs in April, down from 4,000 in March.
Service-providing employment rose by 197,000 jobs in April, up from an upwardly revised 181,000 in March. Professional and business services contributed the most to growth in service-providing industries, adding 77,000 jobs, up from 67,000 in March. The 8,000 new jobs in financial activities mark the strongest pace of growth in the industry since June 2013.
“The 220,000 U.S. private sector jobs added in April is well above the 12-month average,” says Carlos Rodriguez, president and chief executive officer of ADP.