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Private Sector Jobs Growth Tops Wall Street’s Expectations In April

U.S. private sector jobs growth was 220,000 in April, which was the highest amount since November and more than expectations, a report by a payrolls processor showed on Wednesday.

Last month was also revised higher to 209,000, up from a previously reported 191,000. Economists polled by Reuters had forecast that the ADP National Employment Report would show a gain of 210,000 jobs in April.

However, another report by the Commerce Department showed the U.S. economy grew at an annual pace of 0.1 percent in the first quarter, which was the slowest pace since the fourth quarter of 2012. Wall Street was looking for annualized growth of 1.2 percent.

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PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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