The U.S. economy is still expanding. Last month, U.S. businesses added 177,000 jobs, according to a report from ADP.
The private survey showed that hiring in April was down from 255,000 jobs added in March. The latest job numbers are the lowest in six months and follows three months of strong gains.
ADP’s report showed increases in the services sector including health care, restaurants, hotels and shipping. The manufacturing sector showed a modest gain, while construction firms cut 2,000 jobs, after growing during the first two months of 2017.
The report doesn’t include government data, though ADP’s report is in line with economists’ forecast for the government’s report on jobs expected later in the week.
There have been signs that the economy was slowing, including an annual growth rate of just 0.7% in Q1 2017, and slumping auto sales in April.
For comments, questions or concerns, please contact Dennis Kaiser