ADP Reports Private Sector Employment Continued to Grow in April but at a Slower Pace

According to the March ADP® National Employment Report™, released today (5-4-22), nonfarm private sector employment increased by 247,000 jobs from March to April.

The ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally adjusted basis.

In a statement prepared for the release of the March report, Nela Richardson, ADP’s chief economist, said:

“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.”

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