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Private-sector job growth slowed in April to 169,000, ADP says
Private-sector job growth slowed in April to 169,000, ADP says

Private-sector job growth surprisingly slowed again in April, with businesses adding just 169,000 net new positions, payroll firm Automatic Data Processing Inc. said Wednesday. Economists had been expecting ADP to report a gain of 205,000 jobs after a weak March. Instead, the firm downgraded the March figure to 175,000 from its initial estimate of 189,000 and reported a weaker number for April. The net new private-sector jobs were the fewest since January 2014, ADP said. After 13 consecutive months of adding more than 200,000 jobs, the private sector has fallen below that figure for the second straight month. That's the first time that happened since the winter of 2013-2014. The...

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