The ADP employment data, known as "small non-farmers", exceeded expectations in April.FreeamericanrouletteonlineThe March data were revised upwards, indicating that the US labor market is still strong.
On Wednesday, May 1st, the US ADP employment report showed that US ADP employment increased by 19 per cent in April.Freeamericanrouletteonline.20, 000, with an estimated 180000, up from 184000 to 208000 before March.
ADP wage data show that workers' wages are up 5% from a year ago, the slowest increase in years, which is good news for the fed, which expects wage inflation to cool. There are already many other signs that US inflation is more sticky than many economists and policymakers expected.
By sector, leisure and hotels had the strongest job growth, with an increase of 56000 and construction by 35000. Other sectors that showed significant growth included trade, transport and utilities, as well as education and health services, each with an increase of 26000 people. Professional and commercial services increased by 22000, and financial activities increased by 16000.
Companies with 500 or more employees had the biggest increase in hiring, reaching 98000.
Nela Richardson, chief economist of ADP, said:
The April recruitment covers a wide range of industries. Only the information industry-telecommunications, media and information technology-has been weak and unemployed, with wage increases at their slowest pace since August 2021.
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