Private payroll growth slowed to 62,000 in April

Hiring slowed sharply in April, with private sector payrolls rising by just 62,000—well below expectations and the lowest since July 2024—amid uncertainty over Trump’s tariffs, according to ADP.

Wage growth for job stayers dipped slightly, while job changers saw modest gains.

Leisure and hospitality led job growth, but education and health services saw significant losses, CNBC has reported.

The data comes ahead of Friday’s official jobs report, where economists expect 133,000 new jobs and a steady 4.2% unemployment rate.

read more: https://www.cnbc.com/2025/04/30/adp-jobs-report-april-2025.html

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