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ADP private payrolls increase more than expected

The HR-services provider ADP releases its monthly report on private employment

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Private payrolls in the US increased by 177,000 in April, according to the HR-services provider ADP.

Economists had estimated that private payrolls rose by 175,000, according to Bloomberg.

"Job growth is off to a strong start in 2017," said Mark Zandi, the chief economist of Moody's Analytics. "The gains are broad based but most notable in the goods producing side of the economy including construction, manufacturing and mining."

Only the information industry recorded a decline in employment.

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In March, private payrolls

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