ADP Says 169,000 Private-sector Jobs Created In April

The U.S. created 169,000 private-sector jobs in April, payrolls processor ADP said, after a downwardly revised 175,000 jobs were created in March. Companies with 500 or more employees had the slowest growth, the firm said. The gauge can be useful in helping to assess what the Labor Department will report -- the initial ADP report for March showed 189,000 jobs created, compared to the Labor Department's estimate of 198,000 private-sector jobs. The MarketWatch-compiled economist consensus is for the U.S. to report 233,000 nonfarm jobs created in April.