ADP Reports Weaker Rise In Private Sector Jobs

No good news when it comes to new jobs this morning. Automatic Data Processing Inc., or the ADP, reported private-employment gains in April of 119,000. This is the lowest result since September, a very grim outlook considering the average private sector growth comes in at 200,000 jobs in the month.These results usually provide an outlook to what the April jobs report from the Labor Department will be. Economists are expecting the Friday report to say U.S. nonfarm-payroll employment rose by 163,000 in April. That is compared to a 120,000 rise in March. Economists anticipate the unemployment rate to remain at 8.2%

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