ADP: Private sector adds 156,000 jobs in April vs. 195,000 expected
Private job creation slowed even further last month as firms added just 156,000 jobs in April, ADP said in a recent report. "The job market appears to have stumbled in April. Job growth noticeably slowed, with some weakness across most sectors. One month does not make a trend, but this bears close watching as the financial market turmoil earlier in the year may have done some damage to business hiring," Mark Zandi, chief economist at Moody's Analytics, said in a statement.
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