The economy added 119,000 private sector jobs during April 2013, according to the ADP National Employment Report. The new figures represent the weakest pace of growth in seven months. 

"Job growth appears to be slowing in response to very significant fiscal headwinds," said Moody chief economist Mark Zandi. "Tax increases and government spending cuts are beginning to hit the job market. Job growth has slowed across all industries and most significantly among companies that employ between 20 and 499 workers."

Professionals services added 113,000 jobs during the time period, while goods production added only 6,000. The construction, trade/transportation/utilities and business/professional services industries were the top-three job creators, collectively responsible for 54,000 new positions. Manufacturing was the weakest sector, losing a total of 10,000 position. 

Small and medium sized businesses (SMB) represented a majority of new private sector positions added during April. By contributing 50,000 and 26,000 jobs, respectively, they were collectively were responsible for 63 percent of job growth during the month.  

Some analysts had predicted that ADP would report a gain of 192,000 private jobs and thus numbers were below expectations, according to Fox News. However, as ADP has been far-off in their estimations of private sector employment in the past, analysts are still not revising down their predictions for government labor figures due out later in the week. 

In the News…

Paying Attention to Retention You've likely started to see a shift in headlines. No longer focused on what we have been through, the new emphasis is on what’s to come. Though it… Read More »

Job Application Process: Stay Sane The Job Application Process Can Be Frustrating. Here's How to Stay Sane The job application process is hardly ever easy. After all, it can sometimes… Read More »

The No. 1 recruitment metric employers track when assessing a new hire’s effectiveness After completing multiple rounds of interviews and presenting a job offer to a promising candidate, the work has in many ways just begun. Now that th… Read More »

Craft a Change Narrative How to Craft a Strong Change Narrative for Your Company When your company is undergoing major change, it can be a tough transition for everyone, e… Read More »

More News