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Wall Street Journal
3 days ago
- Business
- Wall Street Journal
U.S. Hiring Slows Again, ADP Report Shows
American employers again dialed down their hiring, a monthly report showed, in a sign the labor market may be weakening amid growing economic uncertainty. Just 37,000 jobs were created last month, down from 62,000 in April, according to the ADP National Employment report released Wednesday. Economists polled by The Wall Street Journal had expected hiring to pick up pace to 110,000 new jobs on the month. The downturn means jobs growth was its weakest in more than two years. Signs of weakness in hiring in the private sector contrast to other indications of a robust jobs market. There has been little sign elsewhere that gloomier economic sentiment is leading to an uptick in unemployment.
Epoch Times
30-04-2025
- Business
- Epoch Times
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 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 Richardson, chief economist at ADP. 'Employers are trying to reconcile policy and consumer uncertainty with a run of mostly positive economic data. It can be difficult to make hiring decisions in such an environment.' The report was released the same day that new Bureau of Economic Analysis data ADP's report found that goods-producing industries added 26,000 jobs. Construction led with 16,000, followed by natural resources and mining with 6,000. Manufacturing payrolls edged up 4,000. Service-providing companies added 34,000 positions. Leisure and hospitality grew by 27,000, and trade, transportation, and utilities increased by 21,000. Education and health services trimmed 23,000 jobs, information declined by 8,000, and professional and business services slipped by 2,000. Related Stories 4/30/2025 4/30/2025 Regionally, the Midwest posted the largest gain, with 42,000 jobs. The Northeast added 10,000, the West 9,000, and the South 3,000, where losses in the West South Central states offset hiring elsewhere. Mid-sized companies with 50–499 employees hired 40,000 workers. Large employers added 12,000, and small businesses expanded payrolls by 11,000. Among very small companies with fewer than 20 employees, payrolls rose by 20,000, while companies with 20–49 workers cut 9,000. Pay growth stayed broadly steady. Financial activities workers who remained in their roles received the strongest median increase at 5.1 percent. Annual gains were 4.7 percent in construction, education and health services, and leisure and hospitality. Employees at the smallest businesses recorded the slowest growth, at 2.8 percent. For comparison, annual wage growth for job stayers averaged about 3.2 percent in the five years leading up to 2020, indicating pay pressures remain higher than pre-pandemic norms even as they ease from peaks seen in 2022. Economists view the ADP data as a directional indicator rather than a precise forecast of the government's payroll tally, but April's slowdown aligns with softer job-opening numbers and reduced hiring plans in recent manufacturing surveys. Private payroll growth, however, remains above the monthly average of roughly 50,000 recorded in the decade before the pandemic. ADP revised March's payroll figure lower by 8,000. The report precedes the Labor Department's April employment data, due Friday, which will provide a broader look at both private- and public-sector hiring. ADP and the Stanford Digital Economy Lab base their monthly report on anonymized payroll records covering more than 25 million U.S. workers.
