Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by much more than expected in the month of April.ADP said private sector employment surged by 296,000 jobs in April after climbing by a revised 142,000 jobs in March.Economists had expected private sector employment to advance by 148,000 jobs compared to the addition of 145,000 jobs origina...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.