US companies boosted payrolls in April by the most in over a year, the latest evidence of stabilization in the labor market.
Private-sector payrolls rose 109,000 in April after a revised 61,000 advance in the prior month, according to ADP Research data out Wednesday. The median estimate in a Bloomberg survey of economists called for a 120,000 increase.
More than half of the hiring advance was due to health services and education. Trade, transportation and utilities payrolls also increased. Construction employment grew, which may reflect the building of data centers that are at the heart of ...
