Private sector hiring in the U.S. grew faster than expected in April, signaling continued resilience in the labor market despite high inflation and economic uncertainty linked to tariffs and the Iran conflict.
According to payroll processing firm ADP, private employers added 109,000 jobs during the month, surpassing Dow Jones estimates of 84,000. The March figure was revised slightly lower to 61,000.
Private payrolls rose by 109,000 in April, topping expectations, ADP says https://t.co/fcvW89IvjY
— CNBC (@CNBC) May 6, 2026
The report said hiring gains were concentrated in a handful of sectors. Education and health services led with 61,000 new jobs, followed by trade, transportation, utilities, construction, and financial services. Professional and business services, however, lost 8,000 jobs.
ADP chief economist Nela Richardson said small and large businesses continued hiring, while mid-sized firms showed signs of weakness.
The stronger-than-expected data may reduce pressure on the Federal Reserve to cut interest rates soon. Fed officials recently voted to keep rates unchanged as inflation remains elevated.
Investors are now awaiting Friday’s broader government jobs report for further signals on the economy.
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TIPP Staff
