U.S. Private Sector Job Growth Slows In April

U.S. private employers added 156,000 jobs in April, well below economists’ expectations and the weakest gain in three years, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 196,000 jobs, with estimates ranging from 116,000 to 225,000.

It was the smallest increase since April 2013.

Private payroll gains in the month earlier were revised down to 194,000 from an originally reported 200,000 increase.

The report is jointly developed with Moody’s Analytics.

The ADP figures come ahead of the U.S. Labor Department’s more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment.

Economists polled by Reuters are looking for U.S. private payroll employment to have grown by 193,000 jobs in April, down from 195,000 the month before. Total non-farm employment is expected to be 202,000.

The unemployment rate is forecast to stay steady at the 5.0 percent recorded a month earlier.

Forex heatmap

Reuters

Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell