Private Sector Tacks On 119,000 Jobs in April

USA-FED/FISHER

U.S. private employers added 119,000 jobs in April, well below economists' expectations in the latest piece of data to suggest the economy is encountering a soft patch, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 150,000 jobs.

As well, March's private payrolls were revised down to an increase of 131,000 from the previously reported 158,000.

The report is jointly developed with Moody's Analytics.