The American private sector added about 296,000 jobs in April, according to figures issued moments ago by the ADP, after adding about 145,000 jobs in March, while expectations were for the addition of 148,000 jobs, while the annual wage rate increased by 6.7% from 6.9%.

In the details, the commodity production sector added about 67,000 jobs, as the construction sector added about 53,000 jobs, while the manufacturing sector lost 38,000 jobs, while the services sector, which includes the sectors of trade, transportation, utilities, activities, and information, added about 229,000 jobs.