The U.S. added more than 220,000 private sector jobs in April, according to the ADP National Employment Report. While the Bureau of Labor Statistics is not set to release its Employment Situation Report until May 2, the ADP findings indicate that the nation continued its positive job creation trend at the beginning of the year.
Carlos Rodriguez, the president and CEO of ADP, explained that the additions were clear indicators that employment will grow throughout the next several months. The chief economist of Moody's Analytics, Mark Zandi, said that these numbers were indicative of growth that would come in the summer.
"The job market is gaining strength," Zandi said in the report. "After a tough winter, employers are expanding payrolls across nearly all industries and company sizes. The recent pickup in job growth at midsized companies may signal better business confidence. Job market prospects are steadily improving."
ADP added that this was the greatest increase in employment the nation has seen in five months. Bloomberg predicted that the BLS report would indicate similar numbers, showing that not only did overall employment increase over a variety of sectors, but the unemployment rate dropped as well.