ADP: US Firms Added 296,000 Jobs in April

The video discusses the ADP report on job creation, highlighting 296,000 jobs added in April, with significant contributions from the construction and natural resources sectors. It notes a decline in manufacturing jobs and a substantial number of service jobs, particularly in leisure and hospitality. The pay report indicates a slowdown in median pay changes, with job changers experiencing higher increases than job stayers. The video concludes with a forecast for private sector jobs and a comparison with national payroll numbers.

Which sector saw the highest number of job creations according to the ADP report for April?

• Construction

• Natural Resources and Mining

• Manufacturing

• Leisure and Hospitality

What was the reported median pay change for job stayers?

• 5.9%

• 7.5%

• 6.7%

• 8.2%

How did the median pay change for job changers compare to previous months?

• It increased significantly

• It remained the same

• It decreased

• It fluctuated

What is the forecast for private sector jobs according to the Bloomberg survey?

• 229,000

• 296,000

• 151,000

• 60,700

What is the main difference between the ADP report and the national payroll numbers?

• National payrolls exclude service jobs

• National payrolls only include manufacturing jobs

• ADP only covers private sector jobs

• ADP includes government jobs