ADP: U.S. adds 119K private-sector jobs in April

http://www.marketwatch.com/story/adp-us-adds-119k-private-sector-jobs-in-april-2013-05-01-891202?link=MW_home_latest_news

Private-sector employment growth slowed down in April, as the economy gained 119,000 jobs, Automatic Data Processing Inc. reported Wednesday morning. Economists polled by MarketWatch had expected the report to show that the U.S. economy added 150,000 private-payroll jobs in April, compared with an original March estimate on 158,000. On Wednesday, ADP revised March's private-job gain to 131,000. Markets look to ADP's report on private-sector payrolls to provide some guidance on the U.S. Department of Labor's jobs estimate, which will be released Friday and includes information on both private- and public-sector payrolls. Economists polled by MarketWatch expect the government to report Friday that nonfarm-payroll employment rose 135,000 in April, up from a gain of 88,000 in March. Despite growing employment, the labor market remains far below its peak