US April ADP Private Payrolls Rise 109,000, Missing Estimates

JOON HYOUNG LEE

Summary

U.S. ADP nonfarm private payrolls rose by 109,000 in April, falling 9,000 short of estimates.
The increase was 47,000 larger than in March, when payrolls rose 62,000.
The ADP employment report is typically released about two days before the U.S. Labor Department’s official employment report, making it a closely watched preview.

Forecast Trend Report by Period

U.S. private-sector hiring rose less than expected in April.

ADP said on May 6 that U.S. nonfarm private payrolls increased by 109,000 from the previous month. That was 9,000 below economists’ forecast of 118,000.

The gain was 47,000 higher than in March, when private payrolls rose 62,000.

The ADP employment report is typically released about two days before the U.S. Labor Department’s official jobs report from the Bureau of Labor Statistics and is often seen as a preview. Still, it does not always move in the same direction as the government data.

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