The stateside economy added far more jobs than expected in April as payrolls in the services sector grew by the most in more than two years, according to data released by ADP and Moody’s Analytics on Wednesday.
The two firms reported that private payrolls in the United States grew by 275,000 last month, the biggest increase since July, when they expanded by 284,000. Economists polled by Dow Jones expected private payrolls growth of 177,000.
The report goes on to say services-providing jobs increased by 223,000 in April, led by a gain of 59,000 jobs in professional and business services. Education and health services companies also added 54,000 jobs while employment within the leisure and hospitality industry expanded by 53,000.
Goods-producing jobs — which include construction, manufacturing and mining — rose by 52,000, led by a 49,000-payroll increase in construction. The economy added just 5,000 manufacturing jobs while mining employment declined by 2,000.
Overall, medium-sized businesses, those that employ between 50 and 499 people, led the way in jobs creation last month by adding 145,000 jobs. Jobs within small businesses, meanwhile, increased by 77,000 while large companies hired 53,000.
The official jobs report for April from the U.S. government will be released this Friday.
