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4mo ago

U.S. Private Sector Job Growth Slows to 62,000 in April, Missing Expectations

The ADP report highlights the weakest monthly job gain since July 2024, reflecting economic uncertainty and tariff pressures.

A man works on a hat, where assembly workers for Master Hatters of Texas put the initial and final touches on dozens of cowboy hats, ready to be shipped to customers, in Garland, Texas, U.S., April 14, 2025. REUTERS/Jorge Garcia
Hiring in the private sector slowed in April.

Overview

  • Private sector employers added 62,000 jobs in April, significantly below the forecasted 115,000 and the revised 147,000 gain in March.
  • Leisure and hospitality led job growth with 27,000 positions added, while education and health services lost 23,000 jobs, marking a notable sectoral divergence.
  • Annual wage growth for job stayers eased to 4.5%, signaling a cooling labor market as businesses contend with policy and economic uncertainty.
  • The ADP report, developed with the Stanford Digital Economy Lab, precedes the official Bureau of Labor Statistics employment report due Friday, which is expected to show broader labor market trends.
  • Economists warn that ongoing tariffs and declining job openings could further constrain hiring in the coming months.