Economy posts another month of strong job gains, ADP says in report

It was a good month for employment, according to the latest report from ADP, as private-sector growth reached 742,000 jobs in April.

In its monthly ADP National Employment Report, the Roseland-based payroll and human resources company said growth was fairly evenly split across businesses of different sizes, with large businesses (more than 500 employees) adding 277,000 jobs, small businesses (fewer than 50 employees) adding 235,000 and medium-sized businesses (between 50 and 499 employees) adding 230,000 for the month.

It was a strong month, as well, for the goods-producing sector, which added 106,000 jobs, while the service-providing sector added 636,000. Leisure and hospitality led the way among industries, adding 237,000 jobs, while trade/transportation/utilities added 155,000 and professional/business services added 104,000 positions. Manufacturing added 55,000 jobs to lead the way in the goods sector. Among the 10 industries, only information saw a loss in jobs, at -3,000.

“The labor market continues an upward trend of acceleration and growth, posting the strongest reading since September 2020,” Nela Richardson, chief economist at ADP, said in a prepared statement. “Service providers have the most to gain as the economy reopens, recovers and resumes normal activities, and are leading job growth in April.

“While payrolls are still more than 8 million jobs short of pre-COVID-19 levels, job gains have totaled 1.3 million in the last two months, after adding only about 1 million jobs over the course of the previous five months.”