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[Music] looking at the latest ADP payroll report it showed a decline of 20 million two hundred thirty six thousand jobs in April this was close to the consensus forecast it confirms what we had expected based on jobless claims over the past several weeks the breakdown predominantly came from the service sector with leisure and hospitality losing eight million six hundred and seven thousand jobs we also saw the healthcare sector hit losing about 1 million jobs adp counts anyone on the active payroll rather than people who were just paid throughout the month so it is a slight variation of the official payroll report fridays payroll report should show a decline of about twenty-two million five hundred thousand jobs with the unemployment raising somewhere between fifteen and twenty percent [Music]
