Employment Growth for April 2011 Tops 179,000 Jobs!
Private-sector employment rose by 179,000 in April on a seasonally adjusted basis, according to the national employment report released today by Automatic Data Processing Inc. (NYSE: ADP). Today’s report indicates labor market conditions continued to improve in April, but only at a moderate pace.
Employment in the service-providing sector rose by 138,000 in April, the segment’s 16th consecutive monthly gain, according to the report. The goods-producing sector added 41,000 jobs.
“Today’s ADP National Employment Report shows that labor market conditions continued to improve in April, but only at a moderate pace,” said Joel Prakken, chairman of Macroeconomic Advisers LLC, which developed and maintains the monthly report. “Employment in the nonfarm private-business sector rose 179,000 from March to April on a seasonally adjusted basis, which is close to consensus expectations both for today’s report and for Friday’s jobs number from the Bureau of Labor Statistics.”
The ADP report is derived from a sample of approximately 340,000 U.S. business clients representing more than 21 million U.S. employees.
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