Private businesses in the United States hired 247K workers in April of 2022, the least since April of 2020 and well below forecasts of 395K. The services-producing sector added 202K jobs, mainly in leisure and hospitality (77K), professional and business (50K), and education and health (48K) sectors. Meanwhile, the goods-producing industry added 46K payrolls, mainly due to manufacturing (25K) and construction (16K). “In April, the labor market recovery showed signs of slowing as the economy approaches full employment. While hiring demand remains strong, labor supply shortages caused job gains to soften for both goods producers and services providers. As the labor market tightens, small companies, with fewer than 50 employees, struggle with competition for wages amid increased costs”, said Nela Richardson, ADP chief economist. source: Automatic Data Processing, Inc.
ADP Employment Change in the United States averaged 70.14 Thousand from 2001 until 2022, reaching an all time high of 4648 Thousand in June of 2020 and a record low of -19133 Thousand in April of 2020. This page provides the latest reported value for - United States ADP Employment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ADP Employment Change - data, historical chart, forecasts and calendar of releases - was last updated on May of 2022.
ADP Employment Change in the United States is expected to be 400.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States ADP Employment Change is projected to trend around 210.00 Thousand in 2023, according to our econometric models.