The private-sector labor market had a strong showing in April, adding 742,000 jobs, according to payroll company ADP, The Hill reported. March's strong showing was also revised up to 565,000 new jobs from the 517,000 originally reported. Economists had expected 800,000 new jobs in April, somewhat higher than ADP reported. Still, the latest uptick in jobs is significant and a sign of an economic recovery quickly gaining steam, with nearly a third of the hires coming from the leisure and hospitality sector, which was decimated in the COVID-19 pandemic. Over 85 percent of the new jobs were in the service sector. "The labor market continues an upward trend of acceleration and growth, posting the strongest reading since September 2020,” said ADP chief economist Nela Richardson.
