US EditionPrivate payroll growth slowed to 62,000 in April, well below expectations
- The ADP National Employment Report showed U.S. Private-sector payrolls increased by 62,000 jobs in April 2025, the smallest gain since July 2024.
- Employers slowed hiring due to uncertainty about tariffs imposed by the Trump administration and concerns over economic policy, despite mostly positive data.
- Leisure and hospitality experienced the largest job gains with an increase of 27,000, whereas the education and health sectors saw a reduction of 23,000 jobs, and employment in information services declined by 8,000.
- Median pay rose 4.5 percent year over year for job stayers, while workers switching jobs saw a 6.9 percent increase, the highest since December 2024.
- The slowdown in job growth reflects softer hiring plans and aligns with a 0.3 percent GDP contraction in Q1 2025, suggesting cautious employer behavior ahead of upcoming Labor Department data.
24 Articles
24 Articles
ADP Report: Private Employers Added 62,000 Jobs as Hiring Cooled From March
Private-sector payrolls expanded by an estimated 62,000 positions in April, down from a revised 147,000 in March, according to the ADP National Employment Report released on April 30. Median pay for employees who stayed in their jobs rose by 4.5 percent from a year earlier, down slightly from 4.6 percent in March, while workers who switched employers saw a 6.9 percent increase, up from 6.7 percent. “Unease is the word of the day,” said Nela Rich…
Live Vanguard IT ETF (VGT): Markets Embroiled in Selling amid Economic Slowdown
Live Updates Live Coverage Updates appear automatically as they are published. Payrolls Shrink 11:20 am by Gerelyn Terzo Throwing yet another wrench into the markets, there is labor market data to process. Private payrolls climbed by a lesser-than-expected 62,000 in April, falling short of Dow Jones expectations for nearly twice that growth. The latest monthly results come on the heels of March’s private payroll increase of 147,000. Corporat…
US companies drastically cut hiring in April, citing concern
By Alicia Wallace U.S. private-sector companies hired far fewer workers than expected in April, according to new employment data released Wednesday by payroll firm ADP. Employers added just 62,000 jobs this month, a dramatic drop from March, when 147,000 were created, according to ADP's national employment report released Wednesday. The April job gains (estimates ADP tabulated using anonymized and aggregated payroll data from its clients) were f…
U.S. companies drastically reduced recruitments in April, citing concern
By Alicia Wallace U.S. private-sector companies hired far fewer workers than expected in April, according to new employment data released Wednesday by payroll firm ADP. Employers added just 62,000 jobs this month, a dramatic drop from March, when 147,000 were created, according to ADP's national employment report released Wednesday. The April job gains (estimates ADP tabulated using anonymized and aggregated payroll data from its clients) were f…
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