ADP says businesses create the most new jobs in 15 months. Labor market might be thawing.

ADP reported that U.S. businesses added 109,000 jobs in April, the largest monthly increase in 15 months, signaling that a previously sluggish labor market may be thawing. The print is a modestly positive economic data point, though still consistent with a gradual hiring recovery rather than a strong labor surge.

Analysis

ADP reported that U.S. businesses added 109,000 jobs in April, the largest monthly increase in 15 months, signaling that a previously sluggish labor market may be thawing. The print is a modestly positive economic data point, though still consistent with a gradual hiring recovery rather than a strong labor surge.