U.S private sector employment jumped by 742,000 jobs in April from March, according to the ADP National Employment Report press release. The job adds were the strongest since September 2020 and highlight improvements in labor market conditions.
By company size, large businesses added the most jobs at 277,000
Small businesses added 235,000 jobs as medium businesses came third at 230,000 jobs
By sector, service-providing businesses added the most jobs at 636,000
Goods producing businesses added 106,000 jobs while franchise related entities generated 49,600 jobsU.S stocks and the dollar are currently gaining. SPY is up 0.46%, QQQ is up 0.62%, EURUSD is down 0.14%
