FINWIRES · TerminalLIVE
FINWIRES

April ADP US Private Payrolls Rise Less Than Expected Ahead of BLS Data

By

ADP's monthly measure of private payrolls showed a 109,000 increase in April, below expectations compiled by Bloomberg as of 7:20 am ET for an increase of 120,000.

The April gain followed a downwardly revised 61,000 increase in March.

By sector, goods-producing jobs rose by 15,000, led by a 10,000 increase in construction jobs, while service-providing jobs were up 94,000, with education and health services jobs up 61,000, trade, transportation, and utilities jobs up 25,000, and leisure and hospitality jobs up 4,000.

Pay growth for job-changers held steady at a 6.6% gain year-over-year, while pay growth for job-stayers decelerated slightly to 4.4% year-over-year.

"Small and large employers are hiring, but we're seeing softness in the middle," said Nela Richardson, chief economist at ADP. "Large companies have resources to deploy, and small ones are the most nimble, both important advantages in a complex labor environment."

Related Articles

International

Philippines' Production Value Index, Net Sales Index Rise in March

The Philippines' value of production index (VaPI) for manufacturing rose 10.5% annually in March, faster than the 4.5% increase in the month prior, data from the Philippine Statistics Authority showed on Wednesday.In March 2025, the index had posted a 0.1% annual increase.Meanwhile, the volume of production index rose 7.8% in March, accelerating from a 3.1% increase in the month prior and reversing the 0.6% decline a year earlier.The country's production index measures real output in the manufacturing sector.The value of the net sales index for manufacturing grew 4.3% year on year in March, faster than the 1.9% annual growth in the preceding month.The volume of net sales index edged up 1.8% year on year in March, versus a 0.5% annual rise in the month prior, the data showed.

^PSEI
International

Philippines' Jobless Rate Slows to 5% in March

The Philippines' unemployment rate eased to 5.0% in March, from 5.1% a month earlier, according to data from the Philippine Statistics Authority released on Wednesday.The latest reading, however, is higher than the 3.9% recorded a year earlier.The number of unemployed persons in March stood at 2.58 million, down from 2.66 million in February but higher than 1.93 million in March 2025, the PSA said.Meanwhile, the country's employment rate was 95% in March, higher than 94.9% in February but below 96.1% a year earlier, the data showed.

^PSEI
International

Beijing Tourism Revenue Up 7% During May Day Holiday

Beijing generated 22.4 billion yuan in tourism revenue during the five-day May Day holiday, a 6.6% year-on-year increase, according to the Beijing Municipal Bureau of Culture and Tourism.China's capital city received 18.8 million tourist visits, up 5.1%. Inbound visits rose 22.3% to 128,000, with spending reaching 1.38 billion yuan.Beijing hosted over 2,000 cultural activities, including 1,684 live performance sessions, generating 260 million yuan in box office revenue.

Shanghai Composite^SZSE