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ADP Hiring Report Shows Promising Signs for Job Market

job searchThis morning’s report by ADP shows positive signs for the job market. That’s because the U.S. economy created 220,000 brand new private sector jobs this past month. This number reflects 10,000 more jobs than analysts originally anticipated.

In addition, the report increased the number of jobs in March’s report by 18,000.

Per a piece in USA Today, chief economist at Moody’s Analytics Mark Zandi explained, “The job market is gaining strength. The recent pickup in job growth at mid-sized companies may signal better business confidence.”Strength indeed. April’s increase was the biggest one since this past November when ADP revealed 245,000 new private sector jobs. And, per the report, large and small companies boosted their headcount in April.

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