#1 Economy Adds 119,000 jobs in April
05-02-2012, 09:30 AM
- Join Date
- Mar 2010
The U.S. economy needs about 155 million jobs to fill the needs of it 310 million people. Im sure we could get by very well with a few less that 155 million, but the figure now stand at 132 million - far from what is needed. 119 thousand increase in one month doesn't cut it.......
WASHINGTON (MarketWatch) — Hiring has slowed down, with private-employment gains in April the weakest in seven months, according to a report released Wednesday by payrolls-processor Automatic Data Processing Inc.
Private-sector employment increased 119,000 in April, the lowest result since September, led by the service-providing sector and small and medium businesses, according to ADP ADP -0.74% . The April gain is down from average monthly employment increases of about 200,000 in the first quarter of 2012, according to ADP.
“This deceleration seems consistent with other incoming data,” said Joel Prakken, chairman of Macroeconomic Advisers, which produces the report for ADP. “There is some evidence that unusually warm weather boosted employment during the winter months, with a ‘payback’ now coming due.”
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