ADP Employment Change (Apr) 156K vs 195K Expected

(Updated - May 4, 2016 8:16 AM EDT)

• ADP Employment Change (Apr) 156K vs 195K Expected

Private sector employment increased by 156,000 jobs from March to April according to the April ADP National Employment Report. Broadly distributed to the public each month, free of charge, theADP National Employment Report is produced by ADP in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

April 2016 Report Highlights*

View the ADP National Employment Report Infographic atwww.adpemploymentreport.com.

Total U.S. Nonfarm Private Employment: 156,000

• By Company Size
  • Small businesses: 93,000
    • 1-19 employees 50,000
    • 20-49 employees 43,000
  • Medium businesses: 39,000
    • 50-499 employees 39,000
  • Large businesses: 24,000
    • 500-999 employees 15,000
    • 1,000+ employees 9,000
• By Sector
  • Goods-producing -11,000
  • Service-providing 166,000
• Industry Snapshot
  • Construction 14,000
  • Manufacturing -13,000
  • Trade/transportation/utilities 25,000
  • Financial activities 4,000
  • Professional/business services 27,000

* Sum of components may not equal total, due to rounding.

Payrolls for businesses with 49 or fewer employees increased by 93,000 jobs in April, about the same number as March. Employment at companies with 50-499 employees increased by 39,000 jobs, well off from last month's 66,000. Employment at large companies -- those with 500 or more employees -- dropped off to 24,000 from March's 35,000. Companies with 500-999 employees added 15,000 and companies with over 1,000 employees added just 9,000 this month.

Goods-producing employment dropped by 11,000 jobs in April, down from a downwardly revised 5,000 in March. The construction industry added 14,000 jobs, which was down from March's 18,000. Meanwhile, manufacturing lost 13,000 jobs after being revised down to -3,000 the previous month.

Service-providing employment rose by 166,000 jobs in April, down from 189,000 in March. The ADP National Employment Report indicates that professional/business services contributed 27,000 jobs, down a bit from March's 31,000. Trade/transportation/utilities grew by 25,000, well down from the 42,000 jobs added the previous month. Financial activities added just 4,000.

"Despite the softest overall monthly jobs added in three years, small businesses remained an engine for job growth in April," said Ahu Yildirmaz, VP and head of the ADP Research Institute. "Smaller businesses are less susceptible to global conditions, such as low commodity prices and the strong dollar, that may have caused larger businesses to ease up on hiring."

Mark Zandi, chief economist of Moody's Analytics, said, "The job market appears to have stumbled in April. Job growth noticeably slowed, with some weakness across most sectors. One month does not make a trend, but this bears close watching as the financial market turmoil earlier in the year may have done some damage to business hiring."

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