Wednesday, January 28th2.8°C
24779
24105

Survey: US businesses step up hiring in April, add 220K jobs, most in 5 months

WASHINGTON - U.S. businesses boosted hiring in April, according to a private survey, a sign the economy may improve after a sluggish start this year.

Payroll processer ADP said Wednesday that private employers added 220,000 jobs in April, the most since November and up from 209,000 in March.

The figures suggest that the government's jobs report for April, to be released Friday, could show a healthy gain. Economists forecast that report will show employers added 210,000 jobs in April, according to a survey by FactSet. That would be the most in five months.

A strong increase of 200,000 or more jobs would give the economy a much-needed boost after harsh winter snowstorms kept shoppers indoors and dragged down home and car sales. The economy barely expanded in the first three months of this year, according to a separate report Wednesday. The Commerce Department said growth was just 0.1 per cent at an annual rate in the first quarter, much lower than the fourth quarter's 2.6 per cent pace.

More hiring would put more money in Americans' pockets, potentially boosting spending and growth. Most economists expect growth to accelerate in the spring and summer, as the weather improves and hiring picks up.

The ADP report says most of the hiring occurred in service industries such as retail, transportation, and professional services. Construction firms added 19,000 jobs, a healthy gain. Manufacturing added just 1,000.

Hiring was also widespread among small, medium-sized and larger companies.

The step-up in hiring comes after job gains faltered over the winter. Employers added only 84,000 jobs in December and 144,000 in January. Hiring then improved to 197,000 in February and 192,000 last month.

There are other signs the job market is getting better. The number of Americans seeking unemployment aid has fallen to the lowest level since the recession, a sign companies are laying off fewer workers.

The ADP numbers cover only private businesses and often diverge from the government's more comprehensive report. Mark Zandi, chief economist at Moody's Analytics, said that ADP's figures have been off by about 40,000, on average, from the government's report each month for the past 18 months. Moody's calculates the figures for ADP.

The Canadian Press


Read more Business News

24813


Recent Trending




Today's Market
S&P TSX14602.88-231.00
S&P CDNX667.30-9.49
DJIA17191.37-195.84
Nasdaq4637.994-43.503
S&P 5002002.16-27.39
CDN Dollar0.7987+0.0008
Gold1286.60-5.10
Oil46.31-0.05
Lumber317.50+2.00
Natural Gas2.87-0.111

 
Okanagan Companies
Pacific Safety0.120.00
Knighthawk0.010.00
QHR Technologies Inc1.47+0.04
Cantex0.0350.00
Anavex Life Sciences0.182+0.002
Metalex Ventures0.035-0.005
Russel Metals23.70-0.63
Copper Mountain Mining1.00-0.05
Colorado Resources0.145-0.01
ReliaBrand Inc0.01+0.0031
Sunrise Resources Ltd0.03-0.025
Mission Ready Services0.21-0.03

 



24393

FEATURED Property
2181950378 Glenwood Avenue
3 bedrooms 3 baths
$729,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Service fit makes happy employees

Finding the right employees for the front lines of your company is key to developing a great service attitude within your company. It is just as important as hiring the right accountant, manager, sale...


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...


Ailing Parents: Tax Issues

If your parent has become ill, there can be several tax issues that come into play depending on the nature of their illness, their age and the role that family members are playing. For example, if you...

_





24709


Member of BC Press Council


24697