ADP Says U.S. Companies Boosted Employment in April

Companies in the U.S. added workers in April for a third month, according to data based on private payrolls.

The 32,000 increase was the most since January 2008 and followed a revised 19,000 gain the prior month, data from ADP Employer Services showed today. Over the previous six months, ADP’s initial figures compared with the Labor Department’s first estimate of private payrolls have overstated losses by as much as 151,000 in November and underestimated gains by 146,000 in March.

“Private employment will add jobs, but slowly,” Aaron Smith, a senior economist at Moody’s Economy.com in West Chester, Pennsylvania, said before the report. “Private hiring needs to accelerate to prevent a substantial softening in the labor market when census hiring ends this summer.”

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- Posted: 2010-05-05 11:46:16

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