ADP’s released figures in its April National Employment Report showing private companies added 220,000 jobs this month, outpacing economists’ expectations. The payroll company also revised its March reading, with the hiring number up from 191,000 to 209,000.
“The job market is gaining strength. After a tough winter employers are expanding payrolls across nearly all industries and company sizes,” said Mark Zandi, chief economist of Moody’s Analytics, which works with ADP on the report, in a statement. “The recent pickup in job growth at mid-sized companies may signal better business confidence. Job market prospects are steadily improving.â€
ADP’s CEO Carlos Rodriguez also said, according to Forbes, that 220,000 is “well above†the 12-month average. “Job growth appears to be trending up and hopefully this will continue.â€
The ADP findings reflected that businesses with less than 50 employees adding the most jobs in April (82,000), and the smallest (under 20 employees) did more than 60% of small business hiring. Mid-sized businesses (50 to 499 employees) added 81,000 jobs. Large businesses (more than 499) added 57,000 jobs.
By industry, ADP’s report indicated professional and business services added the most jobs (77,000), while manufacturing and financial activities industriesadded the least (1,000 and 8,000 respectively.)