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U.S. private-sector adds less jobs in April

(Xinhua)

09:43, May 03, 2012

WASHINGTON, May 2 (Xinhua) -- U.S. private-sector added less jobs in April than the previous month, signaling the labor market recovery is slowing down, a leading industry report revealed on Wednesday.

The U.S. private-sector only increased 119,000 jobs in April on a seasonally adjusted basis, about half of the Mach's figure.

Estimated gains for the previous month were also revised lower to 201,000, according to the National Employment Report released by Automatic Data Processing, Inc. (ADP).

The small- and medium- businesses accounted for the majority of the employment gains last month, adding 115,000 jobs in total, while large businesses only increased 4,000 jobs.

The employment in the service-providing sector rose by 123,000 in April after rising 158,000 in a month earlier, while jobs in the goods-producing sector declined 4,000, according to the report.

Economists believe the downward trend in job growth will restrict household spending, accounting for about 70 percent of the U.S. economy.

In the beginning of 2012, the U.S. businesses added an average of over 200,000 net jobs per month. But the job growth has declined recently, causing fresh worries over labor market recovery.

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