US Private Payrolls Rise by 109,000 in April, Beating Estimates

The U.S. private sector added more jobs than expected last month, signaling renewed strength in the labor market as the economy wrestles with war-driven price pressures. Private payrolls rose by 109,000 in April, up from 61,000 in the previous month, according to new data from payroll processing firm ADP released on May 6. This came in better than economists’ expectations of 99,000. Most of the employment gains were in education and health care services, which added 61,000 jobs. This has been the theme over the past year, raising concern that the broader economic landscape might not be as strong as the headline numbers indicate. Trade, transportation, and utilities created 25,000 jobs. The construction industry added 10,000 positions, and payrolls in financial activities increased by 9,000....