American companies created 742,000 new jobs in April as the US economy strengthened.
That’s the biggest jump in private company payrolls since last September, according to ADP, the payroll provider.
It’s slightly less than forecast (economists expected an 800,000 increase), but it still looks like a strong month, as stimulus spending and vaccinations drive demand.
Services companies increased their payrolls by 636,000 last month, including 237,000 in leisure and hospitality firms alone, as the reopening gathered pace.
Goods producers added 106,000 new staff.
Source: The Guardian
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