Companies in U.S. Add Fewest Workers in More Than a Year
U.S. Companies Added 169,000 Jobs in April: ADP
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Companies in April added the fewest number of workers in more than a year, a sign progress in the U.S. labor market may be moderating along with the economy.
The 169,000 advance in employment was the smallest since January 2014 and followed a 175,000 gain in March that was smaller than initially estimated, according to figures Wednesday from the Roseland, New Jersey-based ADP Research Institute. The median forecast of 43 economists surveyed by Bloomberg called for an April increase of 200,000.