ADP reports that the private sector added 62k jobs in April, below expectations of 108k added.

• The goods and services sector both added jobs, up 26k and 34k, respectively. Leisure & hospitality saw the largest gain at 27k.
• ADP estimates only 4k manufacturing jobs were added in April.
• Small and large businesses added 11k and 12k, respectively. Both trailed the job growth by mid-sized businesses at 40k.
• The March employment gain was revised down -8k to 147k.

ADP wage growth ticked up for job changers but declined for those staying at their jobs.

• Job changer annual wage growth increased to 6.9% YoY in April, up from 6.7% YoY in March.
• Job stayer annual wage growth eased to 4.5% YoY in April, down from 4.6% YoY in March.