ADP Estimates U.S. Companies Added 179,000 Jobs in April

Companies in the U.S. added workers in April, signaling the labor market is strengthening, data from a private report based on payrolls showed today.

Employment increased by 179,000 in April from a revised 207,000 the prior month, according to figures from ADP Employer Services. The median estimate in the Bloomberg News survey called for a 198,000 advance this month.

The gain in employment projected by ADP may be insufficient to help the economy accelerate after a surge in food and fuel costs caused growth to slow to a 1.8 percent annual rate in the first three months of the year. Businesses added 200,000 jobs in April and the jobless rate held at 8.8 percent, economists project a Labor Department report to show in two days.

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- Posted: 2011-05-04 15:27:18

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