Economics
U.S. Companies Add Most Jobs in Seven Months, ADP Data Show
- Leisure and hospitality led broad gains in payrolls in April
- Data show hiring will likely accelerate in coming months
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U.S. private employers in April added the most jobs in seven months, led by gains in industries hit hardest by the pandemic and signaling hiring will continue improve as the economy reopens and more Americans are vaccinated.
Company payrolls increased by 742,000 during the month after an upwardly revised 565,000 gain in March, according to ADP Research Institute data released Wednesday. The median projection in a Bloomberg survey of economists called for an increase of 850,000.