US Labor Market Bulletproof As Private Hiring Strong Again

Private sector employers in the US added nearly 200,000 jobs in April, ADP said Wednesday. The 192,000 headline print was stronger than expected. Revisions added 45,000 to the prior two months' readings, icing on the proverbial cake. The three-month average for the main ADP series is now 192,000 (i.e., the same as April's headline print), the highest since September. The breadth of hiring in the release was comically uniform. In services, trade added 26,000 jobs, finance 16,000, profession