April ADP Employment Change 275K vs 170K Briefing.com consensus
By Sector
Goods-producing: 52,000
- Natural resources/mining -2,000
- Construction 49,000
- Manufacturing 5,000
Service-providing: 223,000
- Trade/transportation/utilities 37,000
- Information -1,000
- Financial activities 6,000
- Professional/business services 59,000
- Professional/technical services 28,000
- Management of companies/enterprises 7,000
- Administrative/support services 25,000
- Education/health services 54,000
- Health care/social assistance 46,000
- Education 9,000 Leisure/hospitality 53,000
- "April posted an uptick in growth after the first quarter appeared to signal a moderation following a strong 2018," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. "The bulk of the overall growth is with service providers, adding the strongest gain in more than two years."
- Mark Zandi, chief economist of Moody's Analytics, said, "The job market is holding firm, as businesses work hard to fill open positions. The economic soft patch at the start of the year has not materially impacted hiring. April's job gains overstate the economy's strength, but they make the case that expansion continues on.