April Job Growth Unexpectedly Slow

When is the last time that the mainstream news media were accurate in their economic expectations?

Private employers added 119,000 jobs in April, far fewer than expected, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 177,000 jobs. The report is jointly developed with Macroeconomic Advisers LLC.