April private-sector jobs rise 119K: ADP (by Ruth Mantell)
WASHINGTON (MarketWatch) -- Private-sector payrolls increased 119,000 in April, led by the service-providing sector and small and medium businesses, according to the ADP employment report released Wednesday. The March level was revised to a gain of 201,000 from a prior estimate of 209,000. Markets look to ADP's report on private-sector payrolls to provide some guidance on the U.S. Labor Department's jobs estimate, which will be released Friday and includes information on both private- and public-sector payrolls. Economists polled by MarketWatch expect the U.S. Labor Department to report Friday that nonfarm-payroll employment rose 163,000 in April, compared with 120,000 in March. They also expect that the unemployment rate remained at 8.2%.