The US private sector added only about 62,000 jobs in April, according to figures released just moments ago by ADP, after adding about 155,000 jobs in March, which was revised down to 147,000. Expectations were for an increase of 114,000 jobs, while wages rose by 4.5%.
In detail, the manufacturing sector added about 4,000 jobs, the construction sector added about 16,000 jobs, and the services sector added 34,000 jobs, led by the trade, transportation, and utilities sector, which added about 21,000 jobs.