World News: 15:11 GMT Wednesday 1st May 2019. [Yahoo Business News Feed via SPi World News]
April's robust figure might be overstating the strength of the jobs sector due to technical factors, said Mark Zandi, chief economist at Moody's Analytics which jointly developed the employment report with ADP. Job growth last month was likely in the 175,000 to 200,000 range, which is the current consensus range among economists, Zandi said on a conference call with reporters. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 180,000 jobs, with estimates ranging from 141,000 to 225,000.
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