UPDATE 1-US private sector adds 32,000 jobs in April

(Adds comments from Macroeconomic Advisers)

NEW YORK, May 5 (BestGrowthStock) – U.S. private employers added
32,000 jobs in April, while revisions to previous data showed
unexpected rises in February and March, a report by a private
payrolls processor said on Wednesday.

The March figure was revised to show a gain of 19,000 from
an originally reported fall of 23,000. The ADP Employer
Services report also showed a rise of 3,000 for February after
earlier reported losses, making February the first increase
since January 2008.

For April, economists had expected the privately released
ADP report, jointly developed with Macroeconomic Advisers LLC,
to show a rise of 30,000 jobs, based on a Reuters poll of
analysts.

Macroeconomic Advisers LLC chairman Joel Prakken said he
expects Friday’s key non-farm payrolls report show the economy
added 177,000 jobs in April, helped by the addition of 145,000
census workers.

The ADP report is often seen as a precursor to the
government’s monthly employment report. Analysts are expecting
non-farm payrolls to add 200,000 jobs in April, based on a
Reuters poll. Additional census hiring should help payrolls
show strong numbers for the next couple months, Prakken told a
teleconference.

“Employment has turned the corner in total and is moving up
and has been for several months now, but gains so far remain
muted,” said Prakken.

“We’re going to have to see stronger gains in employment
for this recovery to take on a self-perpetuating aspect in
terms of labor market performance.”
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(Reporting by Burton Frierson and Leah Schnurr, Editing by
Chizu Nomiyama)

UPDATE 1-US private sector adds 32,000 jobs in April