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.