The Labor Department said private payrolls rose by 230,000 in April. The ADP count comes a day ahead of the Labor Department's more closely watched nonfarm payrolls report, which is expected to show job growth of 190,000 in May following a gain of 253,000 in April.ĪDP's report serves as a precursor to the government's tally, though the two sometimes can differ considerably. "Pay growth is slowing substantially, and wage-driven inflation may be less of a concern for the economy despite robust hiring." "This is the second month we've seen a full percentage point decline in pay growth for job changers," Nela Richardson, ADP's chief economist said. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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