Market Updates
Private Sector Job Gains Accelerated In April
Brian Turner
03 May, 2023
New York City
Private sector hiring accelerated in April, contrary to the expectations of a cooler job market, payroll processing firm ADP reported Wednesday.
Payrolls expanded 296,000 in April from the downwardly revised 142,000 in March, reflecting the strongest monthly gain since July 2022.
Annual pay increase slowed to 6.7% from a year ago, slower than the increase above 7% for months.
"Employers are hiring aggressively while holding pay gains in check as workers come off the sidelines", said Nela Richardson, chief economist, ADP.
Job gains were evenly distributed among employers of all sizes and a total of 243,000 were added by businesses employing less than 500.
The services sector added 229,000 jobs led by an increase in leisure and hospitality industries by 154,000, education and health services by 69,000, trade, transportation and utilities by 32,000, and information industry by 2,000.
On the other hand the goods-producing industry added 67,000 jobs driven by gains in the construction industry of 53,000 and mining industry of 52,000 but the manufacturing industry trimmed 38,000 jobs.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|