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Private Employers Add 179,000 Jobs in April, ADP Reports
Published on May 6, 2011
Read 'Private Employers Add 179,000 Jobs in April, ADP Reports' at 'Time to Start Up,' the small business blog by BizFilings.
Private sector employment grew in April, according to the most recent report from ADP, suggesting the U.S. job market is improving but at a somewhat frustratingly slow pace.
The National Employment Report shows private nonfarm payrolls expanded by 179,000 last month, consistent with recent monthly gains but below March's addition of 207,000 positions.
"While employment accelerated sharply around the turn of the year, the monthly gains have been holding fairly steady around 200,000 since then. Employment growth at this pace is consistent with only modest declines in the unemployment rate," the report reads.
According to data interpreted by the Christian Science Monitor, average monthly increase in private employment are consistent with that of previous expansion eras, including the recovery that followed the "dot-com" bubble burst of the early 2000s.
Even so, many analysts took a gloomy stance on the news, as stocks fell Wednesday and some even pointed to signs of an "unhealthy economy."
It is true that the economy is in recovery, but recent trends have shown fluctuating but overall improving conditions related to the credit market, small business confidence, hiring and consumer activity.