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US private sector adds 169,000 jobs in April, fewest since January 2014

May 06, 2015

US private sector employment rose by approximately 169,000 jobs in April when compared to March, according to the ADP national employment report produced by Automatic Data Processing Inc. (NASD: ADP) in collaboration with Moody’s Analytics. April job gains came in under 200,000 for the second straight month, with the slowest growth reported by companies with 500 or more employees.

“Fallout from the collapse of oil prices and the surging value of the dollar are weighing on job creation,” said Mark Zandi, chief economist of Moody’s Analytics. “Employment in the energy sector and manufacturing is declining. However, this should prove temporary and job growth will reaccelerate this summer.”

Economists surveyed by Reuters had forecast the report would show a gain of 200,000 jobs.

Small businesses added 94,000 jobs in April, and medium-sized businesses added 70,000 jobs, according to the report.

Large businesses — those with 500 or more employees — added 5,000 jobs in April, down from 6,000 in March.

By sector, the service-providing sector added approximately 170,000 jobs, and the goods-producing sector lost approximately 1,000 jobs.