Companies added the fewest number of U.S. workers in seven months in April, a reminder the job market will take time to strengthen, a private report based on payrolls showed today.
Employment increased by 119,000 following a revised 201,000 gain the prior month, according to figures from Roseland, New Jersey-based ADP Employer Services. The median forecast of economists surveyed by Bloomberg News called for a 170,000 advance.
Service providers added 123,000 workers.
Companies employing more than 499 workers added 4,000 jobs. Medium-sized businesses, with 50 to 499 employees, took on 57,000 and small companies increased payrolls by 58,000, ADP said.