Short takes:
GDP: expanded at 3.2%
Commerce Department said last week the economy grew by 3.2% in the first quarter on an annualized basis. That was the best start to a year since 2015. The official jobs report for April from the government will be released Friday.
Jobs: Private payrolls surge by 275,000 in April, blowing past estimates in biggest gain since July
The U.S. economy added far more jobs than expected in April as payrolls in the services sector grew by the most in more than two years, according to data released Wednesday by ADP and Moody’s Analytics. Private payrolls grew by 275,000 last month, the biggest increase since July, when they expanded by 284,000. Economists polled by Dow Jones expected private payrolls growth of 177,000
