Private Sector Tacks On 119,000 Jobs in April

Economic Indicators Reuters

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.

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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.