Businesses added just 119,000 jobs to their payrolls in April, a sharp drop from an estimated 201,000-gain in March, according to the latest ADP National Employment Report.
The private group's report is "a troubling sign" two days before the Bureau of Labor Statistics issues its figures on April employment growth and unemployment, The Associated Press says.
Originally published on Tue May 1, 2012 2:34 pm
Adding 87 points, the Dow closed at 13,339, its highest level since December of 2007.
CNN Money reports that the index rose in reaction to a rise in U.S. manufacturing activity.
The Wall Street Journal adds:
Our early headlines:
-- China, U.S. Rushing To Resolve Crisis Over Blind Activist Chen.
-- After Big Gain In February, Consumer Spending Rose Less In March.
A large 0.9 percent gain in consumer spending from January to February was followed by a more modest 0.3 percent increase from February to March, the Bureau of Economic Analysis says.
Personal income, meanwhile, was up 0.4 percent in March. It had risen 0.3 percent in February.