April private payrolls rise 109,000, led by education and health services

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Source: CNBC
April private payrolls rise 109,000, led by education and health services
Photo: CNBC
TL;DR Summary

ADP reported private payrolls rose 109,000 in April, beating forecasts with gains concentrated in education and health services (61,000) and trade/transport/utilities (25,000); construction added 10,000. The report signals a steady labor market in a low-hire/low-fire environment and suggests limited impact on Fed rate expectations, ahead of Friday’s government payrolls release.

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